CenterBook Partners LP Acquires 29,619 Shares of Celestica, Inc. $CLS

CenterBook Partners LP raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 472.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,892 shares of the technology company’s stock after buying an additional 29,619 shares during the period. CenterBook Partners LP’s holdings in Celestica were worth $12,972,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Legacy Wealth Managment LLC ID increased its position in shares of Celestica by 14.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after acquiring an additional 28 shares in the last quarter. Riverbend Wealth Management LLC lifted its holdings in shares of Celestica by 4.8% during the 3rd quarter. Riverbend Wealth Management LLC now owns 745 shares of the technology company’s stock valued at $269,000 after acquiring an additional 34 shares in the last quarter. XML Financial LLC lifted its holdings in shares of Celestica by 1.5% during the 2nd quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after acquiring an additional 40 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Celestica by 0.9% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock worth $1,592,000 after purchasing an additional 40 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Celestica by 8.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 569 shares of the technology company’s stock worth $160,000 after purchasing an additional 43 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Up 0.5%

Shares of Celestica stock traded up $1.13 during trading hours on Friday, hitting $206.77. 3,704,638 shares of the company’s stock traded hands, compared to its average volume of 2,955,335. The stock has a 50 day simple moving average of $317.31 and a 200-day simple moving average of $329.19. The company has a quick ratio of 1.03, a current ratio of 1.61 and a debt-to-equity ratio of 0.13. The company has a market cap of $26.08 billion, a PE ratio of 19.56, a PEG ratio of 0.63 and a beta of 2.10. Celestica, Inc. has a twelve month low of $197.50 and a twelve month high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, topping the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. Equities research analysts anticipate that Celestica, Inc. will post 10.97 earnings per share for the current fiscal year.

Insider Buying and Selling at Celestica

In related news, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the sale, the president directly owned 73,252 shares of the company’s stock, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total transaction of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders sold 67,010 shares of company stock worth $24,278,487 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Scotiabank assumed coverage on Celestica in a report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 price target for the company. FBN Securities started coverage on Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 target price for the company. TD Cowen reiterated a “buy” rating on shares of Celestica in a report on Tuesday, October 27th. Wolfe Research upped their price target on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Citigroup increased their price objective on shares of Celestica from $415.00 to $436.00 and gave the company a “buy” rating in a research report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Buy” and a consensus price target of $453.32.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support.

The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.

Celestica traces its roots to IBM’s manufacturing operations and became an independent company in 1996.