Sigma Planning Corp Takes $420,000 Position in Celestica Inc. (NYSE:CLS)

Sigma Planning Corp purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 8,218 shares of the technology company's stock, valued at approximately $420,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Wolff Wiese Magana LLC increased its position in Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock valued at $40,000 after acquiring an additional 170 shares during the period. Optimum Investment Advisors grew its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Truist Financial Corp increased its holdings in shares of Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock valued at $631,000 after purchasing an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after purchasing an additional 275 shares during the last quarter. Finally, Creative Planning raised its stake in shares of Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company's stock worth $431,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on CLS shares. CIBC increased their price objective on Celestica from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, July 26th. BMO Capital Markets upped 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. Canaccord Genuity Group raised their price objective on shares of Celestica from $53.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 26th. Barclays initiated coverage on Celestica in a report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price on the stock. Finally, TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and a consensus price target of $69.10.

Celestica Trading Up 2.1 %

Shares of NYSE:CLS traded up $1.70 during midday trading on Friday, reaching $82.18. The company's stock had a trading volume of 3,182,154 shares, compared to its average volume of 2,288,761. The business has a 50 day moving average price of $60.64 and a 200 day moving average price of $55.82. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $87.99. The firm has a market cap of $9.75 billion, a price-to-earnings ratio of 26.09 and a beta of 2.24. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm's revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. Research analysts forecast that Celestica Inc. will post 3.44 EPS for the current 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.