Westover Capital Advisors LLC Boosts Stock Holdings in Celestica, Inc. $CLS

by · The Markets Daily

Westover Capital Advisors LLC grew its holdings in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 1.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,163 shares of the technology company’s stock after purchasing an additional 665 shares during the quarter. Celestica makes up 1.4% of Westover Capital Advisors LLC’s portfolio, making the stock its 19th biggest position. Westover Capital Advisors LLC’s holdings in Celestica were worth $7,207,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Celestica by 22.3% in the first quarter. Bank of New York Mellon Corp now owns 121,467 shares of the technology company’s stock worth $9,573,000 after buying an additional 22,120 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of Celestica by 12.3% in the 1st quarter. Cerity Partners LLC now owns 11,328 shares of the technology company’s stock valued at $893,000 after acquiring an additional 1,245 shares during the period. CWM LLC raised its position in shares of Celestica by 603.7% in the 1st quarter. CWM LLC now owns 1,921 shares of the technology company’s stock worth $151,000 after acquiring an additional 1,648 shares in the last quarter. Csenge Advisory Group lifted its stake in shares of Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company’s stock worth $218,000 after purchasing an additional 171 shares during the last quarter. Finally, HighPoint Advisor Group LLC lifted its stake in shares of Celestica by 49.6% during the 1st quarter. HighPoint Advisor Group LLC now owns 2,595 shares of the technology company’s stock worth $226,000 after purchasing an additional 860 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price 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 of the company’s stock, valued at $2,050,020. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.52% of the stock is owned by company insiders.

Celestica Price Performance

Shares of CLS opened at $309.44 on Tuesday. The firm has a market capitalization of $35.59 billion, a PE ratio of 50.23 and a beta of 1.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86. The company’s fifty day moving average price is $278.92 and its 200-day moving average price is $199.27. 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 announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share (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 return on equity of 30.53% and a net margin of 6.35%.The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the business posted $1.04 earnings per share. On average, equities research analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. Barclays lifted their target price on Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday. CIBC lifted their price objective on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. CICC Research began coverage on shares of Celestica in a research report on Tuesday, August 19th. They set an “outperform” rating for the company. BNP Paribas restated an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. Finally, New Street Research set a $400.00 price target on Celestica in a research report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $336.13.

View Our Latest Analysis on CLS

Celestica Company Profile

(Free Report)

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.

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