21,820 Shares in Celestica Inc. (NYSE:CLS) Acquired by FCG Investment Co

FCG Investment Co purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 21,820 shares of the technology company's stock, valued at approximately $1,115,000.

Several other large investors have also bought and sold shares of CLS. Westover Capital Advisors LLC increased its position in Celestica by 20.9% during the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock worth $1,248,000 after buying an additional 3,764 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Celestica by 62.9% in the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company's stock worth $24,548,000 after buying an additional 210,943 shares in the last quarter. Rockingstone Advisors LLC bought a new stake in shares of Celestica in the 2nd quarter worth about $2,442,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Celestica in the first quarter valued at approximately $1,231,000. Finally, Janus Henderson Group PLC acquired a new position in Celestica in the first quarter worth $1,040,000. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CLS. TD Securities boosted 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. BMO Capital Markets boosted their price objective on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday. Royal Bank of Canada boosted their price target on Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday. CIBC raised their target price on shares of Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. Finally, Stifel Nicolaus increased their price objective on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a report on Thursday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $66.67.

Celestica Price Performance

Shares of NYSE:CLS traded up $0.93 during midday trading on Monday, hitting $70.31. The stock had a trading volume of 2,928,514 shares, compared to its average volume of 2,275,313. Celestica Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $70.72. The company has a market capitalization of $8.35 billion, a P/E ratio of 26.23 and a beta of 2.28. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company's 50-day moving average price is $52.42 and its 200-day moving average price is $52.35.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $0.65 earnings per share. The company's revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that Celestica Inc. will post 3.22 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.