5,204 Shares in Celestica Inc. (NYSE:CLS) Acquired by Arete Wealth Advisors LLC

Arete Wealth Advisors LLC purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,204 shares of the technology company’s stock, valued at approximately $263,000.

Other large investors have also recently bought and sold shares of the company. Optimum Investment Advisors boosted its position in shares of 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. Financial Management Professionals Inc. bought a new stake in shares of Celestica during the 3rd quarter valued at about $30,000. UMB Bank n.a. acquired a new stake in Celestica in the 3rd quarter valued at $34,000. Wolff Wiese Magana LLC increased its stake in Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. TD Cowen raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. 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 initiated coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target for the company. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price target on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $71.45.

Celestica Stock Performance

NYSE CLS opened at $85.24 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 $93.15. The business has a 50 day simple moving average of $68.66 and a two-hundred day simple moving average of $58.50. The stock has a market capitalization of $9.92 billion, a PE ratio of 27.09 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, beating 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 firm had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the firm posted $0.65 earnings per share. Celestica’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, research analysts predict that Celestica Inc. will post 3.44 EPS for the current fiscal year.

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.