Celestica, Inc. $CLS Shares Bought by Legacy Wealth Managment LLC ID

Legacy Wealth Managment LLC ID lifted its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 76.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 494 shares of the technology company’s stock after buying an additional 214 shares during the period. Legacy Wealth Managment LLC ID’s holdings in Celestica were worth $77,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CLS. Golden State Wealth Management LLC raised its position in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. First Horizon Advisors Inc. grew its stake in shares of Celestica by 33.1% in the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after purchasing an additional 87 shares during the last quarter. Freedom Investment Management Inc. raised its holdings in shares of Celestica by 1.5% in the 1st quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Wolff Wiese Magana LLC lifted its stake in 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 last quarter. Finally, First National Bank of Hutchinson boosted its holdings in Celestica by 2.5% during the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock worth $387,000 after buying an additional 120 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on CLS shares. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They issued an “outperform” rating on the stock. Royal Bank Of Canada boosted their target price on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. UBS Group increased their price target on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. New Street Research set a $400.00 price objective on Celestica in a report on Wednesday, October 29th. Finally, Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $325.13.

Insider Buying and Selling

In other news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction on 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. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by company insiders.

Celestica Stock Performance

Shares of CLS opened at $322.22 on Friday. The company has a market capitalization of $37.07 billion, a PE ratio of 52.31 and a beta of 1.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.47. The company’s 50 day moving average price is $266.82 and its 200 day moving average price is $188.03. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40.

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