Celestica Inc. (NYSE:CLS) Shares Purchased by Avestar Capital LLC

Avestar Capital LLC increased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 9.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,700 shares of the technology company’s stock after acquiring an additional 500 shares during the period. Avestar Capital LLC’s holdings in Celestica were worth $291,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after acquiring an additional 64,658 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica in the third quarter valued at approximately $61,210,000. Dimensional Fund Advisors LP grew its holdings in Celestica by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock valued at $68,024,000 after purchasing an additional 52,807 shares during the period. Driehaus Capital Management LLC grew its holdings in Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after purchasing an additional 1,158,823 shares during the period. Finally, Bank of Montreal Can grew its holdings in Celestica by 0.8% in the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock valued at $68,470,000 after purchasing an additional 9,462 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

NYSE:CLS opened at $83.18 on Thursday. Celestica Inc. has a 52 week low of $25.83 and a 52 week high of $93.15. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $9.68 billion, a P/E ratio of 26.41 and a beta of 2.24. The stock’s fifty day moving average is $66.53 and its two-hundred day moving average is $57.88.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Equities analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price on the stock. Stifel Nicolaus raised their target price on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Finally, Royal Bank of Canada lifted their price objective on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $71.45.

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.