Thompson Davis & CO. Inc. Invests $328,000 in Celestica, Inc. $CLS

Thompson Davis & CO. Inc. bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,100 shares of the technology company’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC boosted its stake in 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 during the period. ST Germain D J Co. Inc. purchased a new position in shares of Celestica in the second quarter worth $37,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Celestica in the second quarter worth $40,000. First Horizon Advisors Inc. boosted its position in shares of Celestica by 33.1% during 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 last quarter. Finally, Wolff Wiese Magana LLC boosted its position 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 worth $57,000 after acquiring an additional 114 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was bought 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 in the company, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CLS. TD Securities lifted their price target on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. CIBC raised their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. TD Cowen reissued a “hold” rating and set a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. Finally, Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Saturday, December 6th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Stock Down 12.7%

Shares of NYSE:CLS opened at $306.71 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a 50-day moving average price of $306.74 and a 200 day moving average price of $227.06. The company has a market cap of $35.27 billion, a price-to-earnings ratio of 49.79 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data 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 business had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.04 earnings per share. As a group, equities research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current 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.