Nations Financial Group Inc. IA ADV Acquires 2,625 Shares of Celestica Inc. (NYSE:CLS)

Nations Financial Group Inc. IA ADV lifted its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,455 shares of the technology company’s stock after acquiring an additional 2,625 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in Celestica were worth $790,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of CLS. Sigma Planning Corp purchased a new stake in shares of Celestica during the 3rd quarter valued at $420,000. Covestor Ltd bought a new position in Celestica during the third quarter valued at about $204,000. Forte Capital LLC ADV increased its holdings in Celestica by 1,034.9% during the third quarter. Forte Capital LLC ADV now owns 118,691 shares of the technology company’s stock worth $6,067,000 after buying an additional 108,233 shares during the last quarter. Van ECK Associates Corp raised its position in Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock worth $3,439,000 after acquiring an additional 19,221 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its stake in Celestica by 52.7% in the third quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 21,228 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TD Securities upped their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Barclays began coverage on Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target for the company. CIBC boosted their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Canaccord Genuity Group boosted their price target on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $69.10.

Celestica Trading Down 0.6 %

Shares of Celestica stock opened at $84.09 on Wednesday. The company’s 50-day moving average price is $58.42 and its 200-day moving average price is $55.10. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $25.21 and a 12-month high of $87.99. The company has a market cap of $9.97 billion, a price-to-earnings ratio of 26.70 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last posted its 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. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the prior year, the firm posted $0.65 EPS. Celestica’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that Celestica Inc. will post 3.44 earnings per share for the current fiscal 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.