Creative Planning Purchases 2,714 Shares of Celestica Inc. (NYSE:CLS)

Creative Planning increased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 36.1% during the third quarter, HoldingsChannel.com reports. The fund owned 10,240 shares of the technology company’s stock after acquiring an additional 2,714 shares during the period. Creative Planning’s holdings in Celestica were worth $523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. bought a new stake in Celestica during the 3rd quarter worth approximately $34,000. Wolff Wiese Magana LLC increased its holdings 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 buying an additional 170 shares during the last quarter. Naples Money Management LLC increased its holdings in shares of Celestica by 90.0% in the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after buying an additional 450 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Celestica in the 2nd quarter worth $59,000. Finally, Byrne Asset Management LLC increased its holdings 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. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CLS shares. Canaccord Genuity Group increased their price target on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. BMO Capital Markets increased their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Royal Bank of Canada increased their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, TD Securities increased their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.10.

Celestica Price Performance

CLS stock opened at $75.63 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52 week low of $24.37 and a 52 week high of $76.28. The firm’s fifty day moving average is $54.97 and its 200 day moving average is $53.67. The firm has a market cap of $8.97 billion, a P/E ratio of 24.01 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly 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. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.65 EPS. Research analysts predict that Celestica Inc. will post 3.44 earnings per share 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.