Vise Technologies Inc. Buys New Position in Celestica, Inc. $CLS

Vise Technologies Inc. bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 58,054 shares of the technology company’s stock, valued at approximately $9,063,000. Vise Technologies Inc. owned approximately 0.05% of Celestica as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of CLS. Golden State Wealth Management LLC increased its stake in shares of Celestica by 102.5% in the 2nd 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. ST Germain D J Co. Inc. acquired a new stake in Celestica in the second quarter worth $37,000. First Horizon Advisors Inc. increased its stake in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after purchasing an additional 87 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after purchasing an additional 114 shares during the period. Finally, Oakworth Capital Inc. bought a new position in shares of Celestica during the 2nd quarter worth about $73,000. 67.38% of the stock is currently owned by institutional investors.

Insider Activity at Celestica

In other news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired 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 owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada boosted their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating for the company. BMO Capital Markets set a $370.00 target price on Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Stifel Nicolaus restated a “buy” rating and set a $385.00 price target (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. Finally, BNP Paribas restated an “outperform” rating and set a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus target price of $325.13.

Celestica Price Performance

Shares of NYSE CLS opened at $322.22 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $37.06 billion, a PE ratio of 52.31 and a beta of 1.85. The stock’s 50 day moving average price is $266.82 and its 200-day moving average price is $189.48. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the previous year, the business posted $1.04 EPS. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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.