15,005 Shares of Celestica, Inc. $CLS Purchased by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 15,005 shares of the technology company’s stock, valued at approximately $5,423,000.

Several other large investors have also recently bought and sold shares of CLS. Keybank National Association OH lifted its position in shares of Celestica by 37.6% in the third quarter. Keybank National Association OH now owns 2,761 shares of the technology company’s stock worth $998,000 after purchasing an additional 755 shares in the last quarter. AlphaCore Capital LLC purchased a new position in Celestica during the third quarter valued at approximately $223,000. Fulcrum Asset Management LLP grew its position in Celestica by 255.5% during the third quarter. Fulcrum Asset Management LLP now owns 12,222 shares of the technology company’s stock valued at $4,476,000 after purchasing an additional 8,784 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Celestica by 1,035.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 36,982 shares of the technology company’s stock valued at $13,797,000 after purchasing an additional 33,724 shares in the last quarter. Finally, Elite Wealth Management Inc. increased its stake in Celestica by 19.6% in the 3rd quarter. Elite Wealth Management Inc. now owns 19,913 shares of the technology company’s stock valued at $7,197,000 after buying an additional 3,265 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE:CLS opened at $254.63 on Friday. Celestica, Inc. has a fifty-two week low of $197.50 and a fifty-two week high of $474.02. The business has a 50-day moving average of $312.83 and a two-hundred day moving average of $327.85. The stock has a market capitalization of $32.11 billion, a P/E ratio of 26.06, a P/E/G ratio of 1.70 and a beta of 2.10. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.61 and a quick ratio of 1.03.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.02 by $0.28. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.39 billion. Celestica had a return on equity of 33.80% and a net margin of 6.83%. On average, equities research analysts predict that Celestica, Inc. will post 10.97 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, President Todd Cooper sold 20,118 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. The trade was a 21.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 23,396 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $364.22, for a total value of $8,521,291.12. The SEC filing for this sale provides additional information. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on CLS. Scotiabank began coverage on shares of Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price for the company. TD set a $430.00 price target on shares of Celestica and gave the company a “buy” rating in a report on Wednesday, September 16th. Wolfe Research upped their price target on shares of Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Canadian Imperial Bank of Commerce upped their price target on shares of Celestica from $480.00 to $500.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Finally, BWS Financial reiterated a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $445.14.

Celestica Profile

Celestica Inc. is a global provider of design, manufacturing, and supply chain services for companies across technology and industrial markets. Its work spans product development, engineering, manufacturing, testing, and ongoing product support. The company’s offerings include hardware and infrastructure used in cloud computing and data centers, communications networks, aerospace and defense, industrial equipment, and health technology. It also provides supply chain management and other services to support products throughout their lifecycle.