Sigma Planning Corp Buys 1,520 Shares of Celestica, Inc. $CLS

Sigma Planning Corp grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 13.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,191 shares of the technology company’s stock after purchasing an additional 1,520 shares during the period. Sigma Planning Corp’s holdings in Celestica were worth $2,059,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CLS. DAVENPORT & Co LLC lifted its stake in shares of Celestica by 43.5% in the 1st quarter. DAVENPORT & Co LLC now owns 5,314 shares of the technology company’s stock valued at $419,000 after purchasing an additional 1,611 shares during the last quarter. Private Trust Co. NA raised its holdings in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock worth $78,000 after buying an additional 123 shares during the period. D.A. Davidson & CO. raised its holdings in shares of Celestica by 2.6% in the first quarter. D.A. Davidson & CO. now owns 14,625 shares of the technology company’s stock worth $1,153,000 after buying an additional 375 shares during the period. World Investment Advisors purchased a new stake in shares of Celestica in the first quarter worth approximately $249,000. Finally, Bank of New York Mellon Corp raised its holdings in shares of Celestica by 22.3% in the first quarter. Bank of New York Mellon Corp now owns 121,467 shares of the technology company’s stock worth $9,573,000 after buying an additional 22,120 shares during the period. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares in the company, valued at $2,050,020. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Celestica Trading Down 3.9%

Shares of NYSE:CLS opened at $335.52 on Wednesday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $360.99. The business’s fifty day simple moving average is $258.68 and its 200-day simple moving average is $184.09. The company has a market capitalization of $38.60 billion, a PE ratio of 54.47 and a beta of 1.88. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same period last year, the business posted $1.04 EPS. The business’s revenue was up 27.8% compared to the same quarter last year. As a group, equities research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CLS shares. Barclays increased their price target on Celestica from $220.00 to $357.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. The Goldman Sachs Group lifted their price target on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. UBS Group lifted their price target on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating on the stock. Finally, Citigroup raised their price objective on Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $325.13.

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.