Russell Investments Group Ltd. Purchases 33,976 Shares of Celestica, Inc. $CLS

by · The Cerbat Gem

Russell Investments Group Ltd. increased its position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 160.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 55,151 shares of the technology company’s stock after acquiring an additional 33,976 shares during the period. Russell Investments Group Ltd.’s holdings in Celestica were worth $8,603,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its holdings in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. ST Germain D J Co. Inc. purchased a new position in Celestica during the 2nd quarter worth $37,000. First Horizon Advisors Inc. increased its position in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after buying an additional 87 shares in the last quarter. Wolff Wiese Magana LLC increased its position in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock valued at $57,000 after buying an additional 114 shares in the last quarter. Finally, Rothschild Investment LLC raised its stake in Celestica by 20.0% in the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock valued at $61,000 after buying an additional 65 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 1.6%

NYSE:CLS opened at $309.06 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The company’s fifty day moving average price is $294.36 and its 200-day moving average price is $216.41. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The firm has a market capitalization of $35.54 billion, a P/E ratio of 50.17 and a beta of 1.83.

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

Insider Buying and Selling

In related news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was bought at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.52% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CLS shares. Royal Bank Of Canada boosted their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. New Street Research set a $400.00 target price on shares of Celestica in a research report on Wednesday, October 29th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the company an “outperform” rating in a report on Wednesday, October 29th. Finally, Citigroup raised Celestica from a “neutral” rating to a “buy” rating and upped their target price for the company from $212.00 to $375.00 in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Read Our Latest Research Report on CLS

Celestica Profile

(Free Report)

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.

See Also

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