10,158 Shares in Celestica, Inc. $CLS Purchased by Mutual Advisors LLC

Mutual Advisors LLC acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 10,158 shares of the technology company’s stock, valued at approximately $2,503,000.

A number of other hedge funds also recently made changes to their positions in the business. Golden State Wealth Management LLC increased its holdings in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its holdings in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the last quarter. First Horizon Corp bought a new position in Celestica during the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of Celestica in the second quarter valued at $40,000. Finally, Avion Wealth acquired a new position in shares of Celestica in the third quarter valued at $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Bank of America started coverage on shares of Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective for the company. CIBC upped their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. UBS Group increased their target price on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Citigroup reduced their price target on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research note on Friday. Fifteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica Stock Up 1.5%

Shares of CLS opened at $285.18 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The firm’s 50 day moving average is $310.36 and its 200-day moving average is $268.93. The stock has a market capitalization of $32.81 billion, a PE ratio of 39.72 and a beta of 1.86.

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.