Park Avenue Securities LLC Reduces Stock Holdings in Celestica, Inc. $CLS

Park Avenue Securities LLC lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 16.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,777 shares of the technology company’s stock after selling 2,795 shares during the period. Park Avenue Securities LLC’s holdings in Celestica were worth $3,391,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CLS. UniSuper Management Pty Ltd purchased a new position in Celestica during the first quarter worth $197,000. Jones Financial Companies Lllp lifted its holdings in shares of Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after acquiring an additional 22,452 shares during the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Celestica in the 1st quarter worth about $217,000. United Services Automobile Association purchased a new position in shares of Celestica during the 1st quarter worth about $329,000. Finally, Anchor Investment Management LLC grew its holdings in Celestica by 15.0% during the 1st quarter. Anchor Investment Management LLC now owns 1,150 shares of the technology company’s stock valued at $91,000 after purchasing an additional 150 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

Celestica stock opened at $302.03 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The company has a market capitalization of $34.75 billion, a PE ratio of 49.03 and a beta of 1.87. The company has a 50 day moving average price of $313.60 and a 200-day moving average price of $250.29. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CLS shares. BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. New Street Research set a $400.00 price target on Celestica in a report on Wednesday, October 29th. Barclays boosted their price objective on Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, November 14th. Finally, CIBC upped their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $336.13.

Insider Activity at Celestica

In other news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction that occurred 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 completion of the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.52% of the company’s stock.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.