Yorktown Management & Research Co Inc Acquires Shares of 2,450 Celestica, Inc. $CLS

by · The Markets Daily

Yorktown Management & Research Co Inc acquired a new position 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 acquired 2,450 shares of the technology company’s stock, valued at approximately $604,000.

Several other large investors have also modified their holdings of CLS. Golden State Wealth Management LLC boosted its holdings in shares of Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after acquiring an additional 37 shares in the last quarter. First Horizon Corp purchased a new stake in shares of Celestica during the 3rd quarter worth $31,000. ST Germain D J Co. Inc. purchased a new position in shares of Celestica in the 2nd quarter valued at about $37,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in Celestica during the second quarter worth about $40,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In related news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the purchase, the director directly owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.52% of the company’s stock.

Celestica Stock Performance

Shares of CLS opened at $313.52 on Friday. The firm has a fifty day moving average of $311.14 and a 200-day moving average of $256.78. The company has a market cap of $36.07 billion, a price-to-earnings ratio of 50.90 and a beta of 1.87. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.45 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. Celestica’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.04 EPS. As a group, equities analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. TD Cowen reaffirmed a “hold” rating and set a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. TD Securities raised their price target on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Finally, New Street Research set a $400.00 price objective on shares of Celestica in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $336.13.

Check Out Our Latest Research Report on CLS

Celestica Company Profile

(Free Report)

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.

See Also

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