3,686 Shares in Celestica Inc. (NYSE:CLS) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 3,686 shares of the technology company’s stock, valued at approximately $188,000.

Other hedge funds have also made changes to their positions in the company. Wolff Wiese Magana LLC boosted its position in Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after acquiring an additional 170 shares during the last quarter. Optimum Investment Advisors increased its holdings in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after purchasing an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its position in Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after buying an additional 275 shares in the last quarter. Finally, Creative Planning boosted its stake in Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

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

Celestica Price Performance

Shares of CLS opened at $82.13 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $87.99. The stock has a market cap of $9.74 billion, a PE ratio of 26.07 and a beta of 2.24. The firm has a fifty day moving average price of $60.64 and a 200 day moving average price of $55.73.

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, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.65 EPS. As a group, sell-side analysts anticipate that Celestica Inc. will post 3.44 EPS for the current 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.