Mirabella Financial Services LLP Purchases Shares of 19,326 Celestica Inc. (NYSE:CLS)

Mirabella Financial Services LLP purchased a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,326 shares of the technology company's stock, valued at approximately $959,000.

Several other large investors also recently made changes to their positions in CLS. Westover Capital Advisors LLC grew its holdings in shares of Celestica by 20.9% in the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock worth $1,248,000 after acquiring an additional 3,764 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica in the 3rd quarter worth about $61,210,000. Sigma Planning Corp purchased a new position in Celestica in the 3rd quarter worth about $420,000. Advisors Asset Management Inc. raised its holdings in Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock worth $1,682,000 after buying an additional 12,584 shares during the period. Finally, Van ECK Associates Corp boosted its holdings in shares of Celestica by 40.0% in the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company's stock worth $3,439,000 after buying an additional 19,221 shares during the period. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CLS shares. BMO Capital Markets boosted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their target price on shares of Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Royal Bank of Canada raised their target price on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group initiated coverage on Celestica in a research report on Friday. They set a "neutral" rating and a $95.00 price target on the stock. Finally, StockNews.com downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and an average price target of $71.45.

Celestica Stock Up 1.2 %

Shares of Celestica stock traded up $1.06 during trading on Tuesday, hitting $86.66. 1,608,767 shares of the stock traded hands, compared to its average volume of 2,295,814. The stock has a market cap of $10.08 billion, a P/E ratio of 27.18 and a beta of 2.24. The company has a fifty day moving average price of $65.74 and a two-hundred day moving average price of $57.61. Celestica Inc. has a twelve month low of $25.83 and a twelve month high of $93.15. 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 (NYSE:CLS - Get Free Report) 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 analysts' consensus estimates 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 company earned $0.65 earnings per share. The company's revenue was up 24.8% compared to the same quarter last year. Equities research analysts predict that Celestica Inc. will post 3.44 EPS for the current fiscal 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.