Celestica Inc. (NYSE:CLS) Shares Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. boosted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 61.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,901 shares of the technology company’s stock after buying an additional 12,584 shares during the quarter. Advisors Asset Management Inc.’s holdings in Celestica were worth $1,682,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Optimum Investment Advisors lifted 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 in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the third quarter valued at about $30,000. UMB Bank n.a. purchased a new stake in shares of Celestica in the third quarter valued at about $34,000. Wolff Wiese Magana LLC lifted its holdings in shares of Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after purchasing an additional 170 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Celestica in the third quarter valued at about $51,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of CLS stock opened at $89.16 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market cap of $10.37 billion, a PE ratio of 28.30 and a beta of 2.24. The stock has a 50-day moving average of $64.95 and a 200-day moving average of $57.29. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the business earned $0.65 EPS. Celestica’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, sell-side analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on CLS. StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. TD Securities raised their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen raised their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, UBS Group started coverage on shares of Celestica in a research report on Friday. They issued a “neutral” rating and a $95.00 price objective on the stock. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $71.45.

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.