Celestica Inc. (NYSE:CLS) Shares Purchased by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC raised its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 34.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,179 shares of the technology company’s stock after buying an additional 2,348 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Celestica were worth $469,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Optimum Investment Advisors grew its holdings 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 purchasing an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in Celestica during the 3rd quarter worth about $30,000. 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. Finally, Global Trust Asset Management LLC acquired a new stake in Celestica in the 3rd quarter valued at about $51,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CLS has been the topic of a number of analyst reports. TD Securities increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Royal Bank of Canada increased their price objective on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Finally, TD Cowen raised their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $66.67.

Celestica Trading Up 2.7 %

Shares of CLS stock opened at $70.22 on Monday. The business’s 50 day moving average is $54.04 and its two-hundred day moving average is $53.22. Celestica Inc. has a twelve month low of $24.37 and a twelve month high of $71.56. The company has a market capitalization of $8.33 billion, a P/E ratio of 22.29 and a beta of 2.24. 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 (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, beating the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that Celestica Inc. will post 3.44 EPS for the current 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.