Tableaux LLC Purchases New Holdings in Celestica, Inc. $CLS

Tableaux LLC acquired a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, HoldingsChannel reports. The fund acquired 12,611 shares of the technology company’s stock, valued at approximately $1,895,000.

Several other large investors also recently bought and sold shares of CLS. Franklin Resources Inc. lifted its position in shares of Celestica by 25.8% in the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after acquiring an additional 375,910 shares in the last quarter. Legal & General Group Plc raised its stake in Celestica by 103.3% in the 2nd quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock valued at $115,961,000 after purchasing an additional 377,825 shares during the last quarter. Swiss National Bank raised its stake in Celestica by 6.4% in the 2nd quarter. Swiss National Bank now owns 352,300 shares of the technology company’s stock valued at $54,832,000 after purchasing an additional 21,200 shares during the last quarter. Amitell Capital Pte Ltd purchased a new position in Celestica in the 2nd quarter valued at $1,859,000. Finally, Terra Nova Asset Management LLC acquired a new stake in Celestica during the 2nd quarter worth $243,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CLS shares. Barclays increased their target price on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research report on Friday, November 14th. TD Securities increased 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. New Street Research set a $400.00 target price on shares of Celestica in a research note on Wednesday, October 29th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Finally, BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Celestica Stock Performance

Celestica stock opened at $280.29 on Friday. The firm has a 50 day simple moving average of $282.73 and a 200-day simple moving average of $203.37. The stock has a market cap of $32.23 billion, a price-to-earnings ratio of 45.50 and a beta of 1.85. 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 $363.40.

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

Celestica Company 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.