UMB Bank n.a. Increases Stock Position in Celestica Inc. (NYSE:CLS)

UMB Bank n.a. grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 43.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 949 shares of the technology company’s stock after purchasing an additional 288 shares during the period. UMB Bank n.a.’s holdings in Celestica were worth $88,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CLS. Quantbot Technologies LP increased its holdings in shares of Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock worth $5,299,000 after buying an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica in the third quarter worth about $61,210,000. Sigma Planning Corp bought a new stake in Celestica during the third quarter worth approximately $420,000. Advisors Asset Management Inc. raised its position in Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after purchasing an additional 12,584 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Celestica in the 3rd quarter valued at approximately $1,580,000. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is owned by company insiders.

Celestica Stock Down 0.4 %

NYSE:CLS opened at $122.77 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1-year low of $30.55 and a 1-year high of $131.23. The company has a 50-day moving average of $95.22 and a 200 day moving average of $69.86. The firm has a market cap of $14.29 billion, a PE ratio of 38.97 and a beta of 2.25.

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, topping the consensus estimate of $0.93 by $0.11. The firm 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 company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.65 EPS. As a group, research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their price objective on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Securities increased their price objective 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. Royal Bank of Canada boosted their target price on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. BMO Capital Markets raised their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Barclays began coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $81.45.

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.