Celestica, Inc. (NYSE:CLS) Shares Acquired by Nations Financial Group Inc. IA ADV

Key Points

• Nations Financial Group Inc. IA ADV increased its stake in Celestica, Inc. by 8.4% in Q1, owning 17,243 shares valued at approximately $1.36 million.
• Celestica's recent earnings report showed an EPS of $1.39, surpassing estimates by $0.16, with a year-over-year revenue growth of 21.0%.
• Analysts have a consensus buy rating on Celestica, with price targets ranging from $120.00 to $220.00.

Nations Financial Group Inc. IA ADV lifted its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 8.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,243 shares of the technology company's stock after buying an additional 1,341 shares during the period. Nations Financial Group Inc. IA ADV's holdings in Celestica were worth $1,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rothschild Investment LLC bought a new stake in Celestica during the first quarter worth approximately $26,000. ORG Partners LLC bought a new stake in Celestica during the first quarter worth approximately $29,000. Center for Financial Planning Inc. bought a new stake in Celestica during the first quarter worth approximately $30,000. Bessemer Group Inc. bought a new stake in Celestica during the fourth quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC raised its holdings in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. Argus dropped their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. UBS Group reaffirmed a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Finally, BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, Celestica presently has an average rating of "Buy" and a consensus price target of $168.92.

Celestica Trading Down 0.6%

Celestica stock opened at $195.51 on Friday. The company's fifty day simple moving average is $164.44 and its 200-day simple moving average is $122.90. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80. The stock has a market cap of $22.49 billion, a P/E ratio of 42.32 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same period in the previous year, the company posted $0.91 EPS. Celestica's revenue was up 21.0% on a year-over-year basis. As a group, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Celestica 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.

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