Foundations Investment Advisors LLC Increases Stock Holdings in Celestica, Inc. $CLS

Foundations Investment Advisors LLC boosted its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 45.5% during the second quarter, Holdings Channel.com reports. The firm owned 4,790 shares of the technology company’s stock after buying an additional 1,498 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Celestica were worth $748,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CLS. Oak Harvest Investment Services purchased a new stake in shares of Celestica during the 2nd quarter valued at approximately $2,614,000. W.H. Cornerstone Investments Inc. acquired a new stake in Celestica during the second quarter worth $215,000. Thompson Davis & CO. Inc. acquired a new stake in Celestica during the second quarter worth $328,000. Geode Capital Management LLC raised its position in Celestica by 27.6% in the second quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock valued at $153,449,000 after purchasing an additional 208,249 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Celestica by 91.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,727 shares of the technology company’s stock valued at $1,518,000 after purchasing an additional 4,645 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CLS. Citigroup raised Celestica from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $212.00 to $375.00 in a research report on Monday, November 10th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. New Street Research set a $400.00 price target on shares of Celestica in a research note on Wednesday, October 29th. The Goldman Sachs Group increased their price objective on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” 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 issued a Hold rating to the company. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $336.13.

Insider Transactions at Celestica

In related news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Celestica Price Performance

Celestica stock opened at $300.53 on Wednesday. The firm has a market cap of $34.56 billion, a PE ratio of 48.79 and a beta of 1.85. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. 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 company’s 50 day moving average is $280.05 and its two-hundred day moving average is $200.73.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.45 by $0.13. The business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.04 earnings per share. On average, 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.