Prosperity Consulting Group LLC Makes New Investment in Celestica, Inc. $CLS

Prosperity Consulting Group LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, Holdings Channel reports. The institutional investor purchased 1,325 shares of the technology company’s stock, valued at approximately $207,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ST Germain D J Co. Inc. purchased a new stake in Celestica in the second quarter worth about $37,000. Wolff Wiese Magana LLC raised its holdings in shares of Celestica by 45.6% in the 2nd 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 in the last quarter. Oakworth Capital Inc. purchased a new stake in shares of Celestica in the 2nd quarter worth approximately $73,000. Center for Financial Planning Inc. boosted its stake in shares of Celestica by 49.2% during the second quarter. Center for Financial Planning Inc. now owns 567 shares of the technology company’s stock valued at $89,000 after purchasing an additional 187 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Celestica during the second quarter valued at approximately $87,000. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on CLS. Citigroup boosted their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group boosted their price target on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. BMO Capital Markets set a $370.00 price objective on Celestica and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. UBS Group lifted their target price on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, BNP Paribas reiterated an “outperform” rating and issued a $300.00 target price 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 assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $325.13.

Insider Buying and Selling

In related news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.

Celestica Trading Down 3.1%

Shares of NYSE:CLS opened at $341.71 on Friday. The business’s 50-day moving average is $264.28 and its 200 day moving average is $186.35. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The firm has a market capitalization of $39.31 billion, a P/E ratio of 55.47 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.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter last year, the company earned $1.04 earnings per share. The company’s quarterly revenue was up 27.8% on a year-over-year basis. On average, research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica 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.