2,871 Shares in Celestica Inc. (NYSE:CLS) Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,871 shares of the technology company’s stock, valued at approximately $265,000.

Several other large investors have also recently modified their holdings of CLS. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the 3rd quarter worth approximately $61,210,000. Driehaus Capital Management LLC raised its stake in shares of Celestica by 19,876.9% during the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock worth $66,770,000 after acquiring an additional 1,158,823 shares in the last quarter. Whale Rock Capital Management LLC raised its stake in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after acquiring an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after purchasing an additional 220,494 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

CLS opened at $118.22 on Wednesday. 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 firm has a fifty day moving average price of $93.72 and a 200 day moving average price of $69.06. Celestica Inc. has a 1 year low of $30.40 and a 1 year high of $119.77. The stock has a market cap of $13.76 billion, a P/E ratio of 37.53 and a beta of 2.25.

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, beating the consensus estimate 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 analysts’ expectations of $2.41 billion. During the same period in the previous year, the business posted $0.65 EPS. The business’s revenue was up 24.8% compared to the same quarter last year. Equities research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. UBS Group assumed coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Canaccord Genuity Group boosted their target price 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 boosted their target price on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

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.