Jump Financial LLC Has $22.25 Million Stock Position in Celestica, Inc. $CLS

Jump Financial LLC increased its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 135.1% during the second quarter, Holdings Channel reports. The firm owned 142,506 shares of the technology company’s stock after acquiring an additional 81,881 shares during the period. Jump Financial LLC’s holdings in Celestica were worth $22,247,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after buying an additional 22,452 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Celestica during the 2nd quarter worth approximately $328,000. Y Intercept Hong Kong Ltd increased its stake in Celestica by 406.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after acquiring an additional 42,215 shares during the last quarter. Fortis Capital Advisors LLC bought a new position in Celestica in the second quarter valued at approximately $343,000. Finally, TD Waterhouse Canada Inc. raised its position in Celestica by 2.2% during the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,221 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CLS shares. BNP Paribas reaffirmed an “outperform” rating and issued a $300.00 target price on shares of Celestica in a report on Thursday, September 25th. TD Securities upped their price objective on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. The Goldman Sachs Group lifted their target price on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Barclays boosted their target price on Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. Finally, TD Cowen restated a “hold” rating and issued a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $336.13.

Celestica Price Performance

Shares of CLS opened at $324.86 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock has a market cap of $37.36 billion, a PE ratio of 52.74 and a beta of 1.83. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The business has a 50-day simple moving average of $297.53 and a two-hundred day simple moving average of $219.37.

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

Insiders Place Their Bets

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction on Thursday, October 30th. The stock was purchased at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.52% of the stock is owned by insiders.

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.