Oak Harvest Investment Services Buys Shares of 16,744 Celestica, Inc. $CLS

Oak Harvest Investment Services purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 16,744 shares of the technology company’s stock, valued at approximately $2,614,000.

A number of other large investors have also made changes to their positions in CLS. Golden State Wealth Management LLC boosted its position in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares in the last quarter. ST Germain D J Co. Inc. acquired a new position in Celestica during the 2nd quarter valued at about $37,000. First Horizon Advisors Inc. raised its stake in Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after buying an additional 87 shares during the last quarter. Wolff Wiese Magana LLC boosted its holdings in Celestica by 45.6% in the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares in the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in Celestica in the first quarter worth about $63,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CLS. Canaccord Genuity Group increased their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. BNP Paribas restated an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. TD Securities lifted their price objective 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, CIBC boosted their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Trading Down 12.6%

Shares of Celestica stock opened at $292.49 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market capitalization of $33.64 billion, a PE ratio of 47.48 and a beta of 1.85. The firm’s 50-day moving average price is $276.29 and its 200 day moving average price is $194.63.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (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 firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the company posted $1.04 earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. On average, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica Company 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.