Mission Wealth Management LP Acquires Shares of 6,062 Celestica, Inc. $CLS

Mission Wealth Management LP acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,062 shares of the technology company’s stock, valued at approximately $946,000.

A number of other hedge funds also recently bought and sold shares of CLS. DAVENPORT & Co LLC increased its holdings in Celestica by 43.5% during the 1st quarter. DAVENPORT & Co LLC now owns 5,314 shares of the technology company’s stock valued at $419,000 after purchasing an additional 1,611 shares during the period. Private Trust Co. NA increased its stake in shares of Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock valued at $78,000 after buying an additional 123 shares during the period. D.A. Davidson & CO. increased its stake in shares of Celestica by 2.6% during the first quarter. D.A. Davidson & CO. now owns 14,625 shares of the technology company’s stock valued at $1,153,000 after buying an additional 375 shares during the period. World Investment Advisors purchased a new position in shares of Celestica during the first quarter valued at approximately $249,000. Finally, Bank of New York Mellon Corp increased its stake in shares of Celestica by 22.3% during the first quarter. Bank of New York Mellon Corp now owns 121,467 shares of the technology company’s stock valued at $9,573,000 after buying an additional 22,120 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 1.5%

NYSE:CLS opened at $349.69 on Tuesday. The firm’s 50-day moving average price is $255.95 and its 200-day moving average price is $182.32. The company has a market capitalization of $40.23 billion, a PE ratio of 56.77 and a beta of 1.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $360.99.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion for the quarter, compared to the consensus estimate of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.04 EPS. On average, equities analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. UBS Group boosted their price objective on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. 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 research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. BMO Capital Markets set a $370.00 price target on shares of Celestica and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Barclays boosted their price target on shares of Celestica from $220.00 to $357.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $325.13.

Insiders Place Their Bets

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

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.