TD Waterhouse Canada Inc. Acquires 3,221 Shares of Celestica, Inc. $CLS

TD Waterhouse Canada Inc. lifted its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,422 shares of the technology company’s stock after purchasing an additional 3,221 shares during the quarter. TD Waterhouse Canada Inc. owned 0.13% of Celestica worth $22,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC raised its position in Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after buying an additional 65 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Celestica by 102.5% during 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 during the last quarter. First Horizon Advisors Inc. grew its stake in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after acquiring an additional 87 shares during the period. Freedom Investment Management Inc. grew its stake in shares of Celestica by 1.5% in the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company’s stock worth $501,000 after acquiring an additional 96 shares during the period. Finally, 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 last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Price Performance

Shares of Celestica stock opened at $312.98 on Thursday. The stock has a market cap of $35.99 billion, a P/E ratio of 50.81 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 stock’s fifty day moving average is $281.26 and its 200 day moving average is $201.51. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly 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 business had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the business posted $1.04 earnings per share. The business’s quarterly revenue was up 27.8% on a year-over-year basis. Sell-side analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Canaccord Genuity Group raised their price target on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group lifted their price objective on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a report on Wednesday, October 29th. UBS Group increased their target price on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. Finally, BNP Paribas reissued an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Insider Buying and Selling

In other news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction on Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.52% of the company’s stock.

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.