Thames Capital Management LLC Purchases Shares of 19,655 Celestica, Inc. $CLS

Thames Capital Management LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, Holdings Channel reports. The firm bought 19,655 shares of the technology company’s stock, valued at approximately $4,843,000.

Several other hedge funds have also added to or reduced their stakes in the company. Thompson Davis & CO. Inc. acquired a new position in Celestica during the 2nd quarter worth approximately $328,000. Y Intercept Hong Kong Ltd increased its holdings in shares of Celestica by 406.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after buying an additional 42,215 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in shares of Celestica in the 2nd quarter valued at $343,000. Light Street Capital Management LLC bought a new stake in shares of Celestica during the second quarter worth about $26,422,000. Finally, TD Waterhouse Canada Inc. increased its position in Celestica by 2.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after acquiring an additional 3,221 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 1.0%

Shares of NYSE CLS opened at $313.18 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a market cap of $36.03 billion, a PE ratio of 50.84 and a beta of 1.87. The company’s fifty day simple moving average is $311.32 and its 200 day simple moving average is $254.94. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. As a group, sell-side analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. New Street Research set a $400.00 price target on shares of Celestica in a report on Wednesday, October 29th. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Finally, Barclays lifted their target price on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $336.13.

Insider Transactions at Celestica

In other news, Director Laurette T. Koellner acquired 6,000 shares of Celestica stock in a transaction on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Celestica Profile

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.