Prosperity Consulting Group LLC Buys New Stake in Celestica, Inc. $CLS

Prosperity Consulting Group LLC purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,325 shares of the technology company’s stock, valued at approximately $207,000.

Other institutional investors have also bought and sold shares of the company. Voya Investment Management LLC increased its holdings in shares of Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock worth $146,122,000 after buying an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC bought a new position in shares of Celestica in the 1st quarter valued at about $96,936,000. Alliancebernstein L.P. grew its position in Celestica by 405.5% in the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after acquiring an additional 587,145 shares in the last quarter. JAT Capital Mgmt LP purchased a new position in Celestica in the first quarter worth about $40,077,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Celestica during the second quarter worth approximately $75,691,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $341.71 on Friday. 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 stock’s fifty day moving average is $264.28 and its two-hundred day moving average is $186.35. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a market capitalization of $39.31 billion, a PE ratio of 55.47 and a beta of 1.85.

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. The firm had revenue of $3.19 billion during 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 revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Insider Transactions at Celestica

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 acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CLS. BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a research note on Thursday, September 25th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Barclays lifted their price objective on shares of Celestica from $220.00 to $357.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. TD Securities increased their target price on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets set a $370.00 target price on shares of Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $325.13.

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.