Celestica Inc. (NYSE:CLS) Shares Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 10.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 41,228 shares of the technology company’s stock after acquiring an additional 3,902 shares during the quarter. Sanctuary Advisors LLC’s holdings in Celestica were worth $2,108,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Westover Capital Advisors LLC increased its position in Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company’s stock worth $1,248,000 after purchasing an additional 3,764 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Celestica by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock worth $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica during the third quarter worth about $61,210,000. Sigma Planning Corp acquired a new position in shares of Celestica in the third quarter valued at approximately $420,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after buying an additional 12,584 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLS has been the subject of several recent analyst reports. Barclays assumed coverage on shares of Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price for the company. BMO Capital Markets upped their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus lifted their price target on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Finally, UBS Group began coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $74.18.

Celestica Price Performance

CLS opened at $92.11 on Thursday. The company has a 50 day moving average of $78.39 and a two-hundred day moving average of $61.71. Celestica Inc. has a 52-week low of $26.62 and a 52-week high of $100.51. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $10.72 billion, a P/E ratio of 29.24 and a beta of 2.27.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 EPS. On average, analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

Celestica Company Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.