Celestica, Inc. $CLS Shares Acquired by CenterBook Partners LP

CenterBook Partners LP increased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 472.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,892 shares of the technology company’s stock after purchasing an additional 29,619 shares during the period. CenterBook Partners LP’s holdings in Celestica were worth $12,972,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the business. Washington Trust Advisors Inc. bought a new stake in Celestica during the second quarter valued at $28,000. Elevation Wealth Partners LLC bought a new position in shares of Celestica in the 3rd quarter worth about $28,000. Ascentis Independent Advisors bought a new position in shares of Celestica in the 1st quarter worth about $29,000. Latitude Advisors LLC bought a new position in shares of Celestica in the 3rd quarter worth about $40,000. Finally, Mather Group LLC. boosted its holdings in shares of Celestica by 266.7% in the 3rd quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock valued at $44,000 after buying an additional 88 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS traded up $1.13 during mid-day trading on Friday, hitting $206.77. The company’s stock had a trading volume of 3,704,638 shares, compared to its average volume of 2,955,335. The firm has a 50-day moving average price of $317.31 and a 200 day moving average price of $329.19. The stock has a market capitalization of $26.08 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 0.63 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.03. Celestica, Inc. has a fifty-two week low of $197.50 and a fifty-two week high of $474.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 26th. The technology company reported $3.30 EPS for the quarter, beating the consensus estimate of $3.02 by $0.28. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.39 billion. Celestica had a net margin of 6.83% and a return on equity of 33.80%. On average, research analysts predict that Celestica, Inc. will post 10.97 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. TD Cowen reaffirmed a “buy” rating on shares of Celestica in a report on Tuesday, October 27th. Scotiabank initiated coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Sanford C. Bernstein reissued an “outperform” rating on shares of Celestica in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce upped their price target on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $400.00 target price on shares of Celestica in a research report on Friday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Celestica presently has a consensus rating of “Buy” and a consensus price target of $453.32.

Insiders Place Their Bets

In other news, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares of the company’s stock, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert Mionis sold 23,396 shares of the stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. Insiders have sold 67,010 shares of company stock worth $24,278,487 over the last ninety days. 1.10% of the stock is owned by insiders.

Celestica Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support.

The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.

Celestica traces its roots to IBM’s manufacturing operations and became an independent company in 1996.