Mitchell Mcleod Pugh & Williams Inc. Purchases New Position in Celestica Inc. (NYSE:CLS)

Mitchell Mcleod Pugh & Williams Inc. acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,250 shares of the technology company’s stock, valued at approximately $300,000.

Other large investors have also recently added to or reduced their stakes in the company. Optimum Investment Advisors boosted its holdings in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter worth $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter worth $34,000. Private Trust Co. NA grew its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Celestica in the third quarter valued at $51,000. 67.38% of the stock is owned by institutional investors.

Celestica Stock Performance

Shares of NYSE:CLS opened at $113.20 on Tuesday. The firm’s 50 day simple moving average is $93.72 and its 200 day simple moving average is $69.06. Celestica Inc. has a fifty-two week low of $27.88 and a fifty-two week high of $115.52. The company has a market capitalization of $13.17 billion, a price-to-earnings ratio of 35.94 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the business posted $0.65 earnings per share. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This represents a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CLS shares. Barclays started coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. TD Securities raised their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Cowen upped their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

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.