Mitchell Mcleod Pugh & Williams Inc. Makes New Investment in Celestica Inc. (NYSE:CLS)

Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 3,250 shares of the technology company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Optimum Investment Advisors lifted its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica in the third quarter valued at approximately $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the third quarter worth $34,000. Private Trust Co. NA boosted its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Celestica in the third quarter valued at $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 2.2 %

Celestica stock opened at $113.20 on Tuesday. The company’s 50-day moving average price is $93.72 and its two-hundred day moving average price is $69.06. 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 stock has a market cap of $13.17 billion, a P/E ratio of 35.94 and a beta of 2.25. Celestica Inc. has a twelve month low of $27.88 and a twelve month high of $115.52.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.65 earnings per share. As a group, analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Royal Bank of Canada raised their price target on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. TD Cowen boosted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Finally, Barclays assumed coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $81.45.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company’s stock.

About Celestica

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.