Park Avenue Securities LLC Invests $734,000 in Celestica Inc. (NYSE:CLS)

Park Avenue Securities LLC purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 14,346 shares of the technology company’s stock, valued at approximately $734,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wolff Wiese Magana LLC grew its position in shares of Celestica by 32.1% in 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. Naples Money Management LLC boosted its holdings in Celestica by 90.0% in the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after purchasing an additional 450 shares during the period. Whittier Trust Co. of Nevada Inc. bought a new stake in Celestica during the second quarter valued at $59,000. UMB Bank n.a. acquired a new stake in shares of Celestica during the first quarter worth $64,000. Finally, Byrne Asset Management LLC lifted its position in shares of Celestica by 52.8% in the 2nd quarter. Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock worth $109,000 after buying an additional 660 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

CLS has been the topic of a number of recent research reports. Royal Bank of Canada raised their target price on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. TD Securities increased their target price on Celestica from $61.00 to $68.00 and gave the stock a “buy” rating in a research report on Wednesday. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, September 9th. Finally, BMO Capital Markets upped their price target on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

Celestica Trading Up 5.5 %

NYSE:CLS opened at $61.27 on Friday. Celestica Inc. has a 1 year low of $20.87 and a 1 year high of $63.49. The business has a fifty day moving average of $49.88 and a 200-day moving average of $51.22. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 22.86 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter in the prior year, the firm posted $0.55 EPS. Celestica’s revenue was up 23.3% compared to the same quarter last year. Equities analysts predict that Celestica Inc. will post 3.22 earnings per share for the current 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.