5,375 Shares in Celestica Inc. (NYSE:CLS) Purchased by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC bought a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, HoldingsChannel reports. The institutional investor bought 5,375 shares of the technology company’s stock, valued at approximately $275,000.

Other hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors lifted its stake in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. UMB Bank n.a. acquired a new position in Celestica during the 3rd quarter worth about $34,000. Wolff Wiese Magana LLC lifted its stake in Celestica by 32.1% during the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after acquiring an additional 170 shares in the last quarter. Naples Money Management LLC lifted its stake in Celestica by 90.0% during the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after acquiring an additional 450 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in Celestica during the 2nd quarter worth about $59,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of several recent research reports. Royal Bank of Canada upped their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. TD Securities upped their price target on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. CIBC upped their price target on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Canaccord Genuity Group upped their price target on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $61.88.

Celestica Trading Down 0.6 %

CLS opened at $57.83 on Friday. Celestica Inc. has a one year low of $20.87 and a one year high of $64.56. The company has a market cap of $6.87 billion, a P/E ratio of 21.58 and a beta of 2.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The business’s 50-day simple moving average is $51.54 and its 200-day simple moving average is $51.83.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The business’s revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.55 EPS. As a group, equities research analysts expect that Celestica Inc. will post 3.22 EPS for the current fiscal year.

Celestica 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.