Calamos Wealth Management LLC Buys Shares of 14,717 Celestica, Inc. $CLS

Calamos Wealth Management LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, Holdings Channel reports. The institutional investor bought 14,717 shares of the technology company’s stock, valued at approximately $3,626,000.

Several other institutional investors have also modified their holdings of CLS. Pure Financial Advisors LLC grew its holdings in shares of Celestica by 3.2% in the third quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock valued at $398,000 after purchasing an additional 50 shares during the period. Rothschild Investment LLC raised its stake in Celestica by 20.0% during the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after purchasing an additional 65 shares during the period. Golden State Wealth Management LLC boosted its holdings in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after purchasing an additional 83 shares during the last quarter. Hilltop National Bank grew its stake in shares of Celestica by 86.0% in the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock valued at $46,000 after buying an additional 86 shares during the period. Finally, First Horizon Advisors Inc. grew its stake in shares of Celestica by 33.1% in the 2nd 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 period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on CLS shares. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $385.00 price target (up previously from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. BNP Paribas reiterated an “outperform” rating and set a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. Finally, TD Securities boosted their price objective on shares of Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Trading Down 1.2%

Shares of NYSE CLS opened at $299.52 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $34.46 billion, a PE ratio of 48.62 and a beta of 1.83. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The stock has a fifty day simple moving average of $315.90 and a 200-day simple moving average of $242.66.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.Celestica’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period last year, the business posted $1.04 EPS. On average, equities analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.