18,276 Shares in Celestica Inc. (NYSE:CLS) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 18,276 shares of the technology company's stock, valued at approximately $934,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CLS. Westover Capital Advisors LLC lifted its holdings in Celestica by 20.9% in the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 3,764 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Celestica by 62.9% in the first 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 during the last quarter. Rockingstone Advisors LLC bought a new stake in Celestica during the second quarter valued at approximately $2,442,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Celestica during the first quarter valued at approximately $1,231,000. Finally, Janus Henderson Group PLC bought a new position in Celestica in the first quarter worth approximately $1,040,000. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

CLS traded up $1.82 during trading on Friday, reaching $70.22. 2,233,184 shares of the company traded hands, compared to its average volume of 2,269,187. Celestica Inc. has a 12-month low of $24.37 and a 12-month high of $71.56. The firm has a fifty day simple moving average of $54.04 and a 200 day simple moving average of $53.11. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a market cap of $8.33 billion, a P/E ratio of 22.29 and a beta of 2.28.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly 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. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.65 EPS. On average, equities analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Canaccord Genuity Group boosted their price target on Celestica from $53.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 26th. TD Securities raised their price objective on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. TD Cowen lifted their price objective on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, CIBC increased their target price on shares of Celestica from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $66.67.

Celestica 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.