Celestica, Inc. $CLS Shares Newly Bought by Ibex Wealth Advisors

Ibex Wealth Advisors bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,607 shares of the technology company’s stock, valued at approximately $4,918,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Cibc World Market Inc. acquired a new position in shares of Celestica in the second quarter worth about $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Celestica during the 2nd quarter valued at approximately $674,199,000. Bank of America Corp DE acquired a new stake in Celestica during the 2nd quarter valued at approximately $444,899,000. Pictet Asset Management Holding SA grew its stake in Celestica by 94.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 1,068,473 shares of the technology company’s stock valued at $386,578,000 after purchasing an additional 518,798 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after purchasing an additional 156,040 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Canadian Imperial Bank of Commerce upped their target price on Celestica from $480.00 to $500.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Sanford C. Bernstein decreased their price target on shares of Celestica from $495.00 to $340.00 and set an “outperform” rating for the company in a research report on Monday, November 9th. UBS Group raised their price target on shares of Celestica from $430.00 to $453.00 and gave the stock a “buy” rating in a research report on Wednesday, October 28th. Royal Bank Of Canada set a $450.00 price target on shares of Celestica and gave the stock an “outperform” rating in a research note on Wednesday, August 26th. Finally, Canaccord Genuity Group upped their price target on shares of Celestica from $455.00 to $480.00 and gave the company a “buy” rating in a report on Thursday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $445.14.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 20,118 shares of the firm’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 transaction, the president directly owned 73,252 shares in the company, valued at $26,370,720. This trade 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 through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Key Stories Impacting Celestica

Investors following CLS have been watching these stories:

• Positive Sentiment: A growth-investor feature highlights Celestica’s above-average financial growth as a reason it may outperform, reinforcing optimism around its business trajectory. 3 Reasons Growth Investors Will Love Celestica
• Positive Sentiment: Options activity was unusually high, with traders buying 18,233 call options—about 23% above average. This may indicate increased bullish positioning, though options flows are not a reliable forecast of share performance.
• Neutral Sentiment: Investors have been searching for CLS, but the coverage describes attention rather than a new business catalyst. Investors Heavily Search Celestica, Inc. (CLS): Here is What You Need to Know

Celestica Stock Down 5.6%

NYSE:CLS traded down $14.14 during mid-day trading on Friday, reaching $239.89. The stock had a trading volume of 3,610,264 shares, compared to its average volume of 3,812,398. The company has a market capitalization of $30.25 billion, a price-to-earnings ratio of 22.70, a price-to-earnings-growth ratio of 1.78 and a beta of 2.10. Celestica, Inc. has a 1-year low of $197.50 and a 1-year high of $474.02. The stock’s 50 day simple moving average is $311.43 and its two-hundred day simple moving average is $327.38. 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 (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.02 by $0.28. Celestica had a return on equity of 33.80% and a net margin of 6.83%. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.39 billion. Equities analysts anticipate that Celestica, Inc. will post 10.97 EPS for the current year.

Celestica Company 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.