Nations Financial Group Inc. IA ADV Sells 4,461 Shares of Celestica, Inc. $CLS

Nations Financial Group Inc. IA ADV decreased its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 24.8% during the third quarter, HoldingsChannel.com reports. The firm owned 13,521 shares of the technology company’s stock after selling 4,461 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Celestica were worth $3,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CLS. Signal Advisors Wealth LLC bought a new stake in shares of Celestica during the second quarter valued at about $219,000. Baader Bank Aktiengesellschaft bought a new stake in Celestica during the 2nd quarter worth approximately $670,000. Mn Services Vermogensbeheer B.V. purchased a new stake in Celestica in the 2nd quarter worth approximately $6,751,000. Fulton Bank N.A. lifted its stake in Celestica by 9.9% in the 2nd quarter. Fulton Bank N.A. now owns 3,933 shares of the technology company’s stock worth $614,000 after purchasing an additional 353 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. bought a new position in Celestica in the 2nd quarter valued at $1,733,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

CLS opened at $313.52 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $36.07 billion, a P/E ratio of 50.90 and a beta of 1.87. The stock has a 50-day moving average price of $311.14 and a 200-day moving average price of $256.03. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40.

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

Insider Buying and Selling at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CLS. The Goldman Sachs Group increased their price objective on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. CIBC upped their target price on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. UBS Group lifted their price target on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, TD Securities upped their price objective on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average price target of $336.13.

Celestica Company Profile

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.