K.J. Harrison & Partners Inc Purchases 14,000 Shares of Celestica, Inc. $CLS

K.J. Harrison & Partners Inc increased its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 107.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 27,000 shares of the technology company’s stock after purchasing an additional 14,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Celestica were worth $4,211,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Jones Financial Companies Lllp lifted its holdings in shares of Celestica by 1,103.8% during the first quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock worth $1,930,000 after buying an additional 22,452 shares during the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Celestica by 406.3% during the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock worth $8,212,000 after buying an additional 42,215 shares during the last quarter. Fortis Capital Advisors LLC acquired a new position in shares of Celestica during the second quarter worth approximately $343,000. Think Investments LP acquired a new position in shares of Celestica during the first quarter worth approximately $14,939,000. Finally, Royal Bank of Canada lifted its holdings in shares of Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after buying an additional 19,391 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS stock opened at $344.48 on Monday. The stock’s fifty day moving average is $252.81 and its 200-day moving average is $180.45. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.47. The stock has a market capitalization of $39.63 billion, a PE ratio of 55.92 and a beta of 1.88. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $360.99.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping the consensus estimate 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%.The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.04 earnings per share. Equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLS. Stifel Nicolaus restated a “buy” rating and issued a $385.00 target price (up from $230.00) on shares of Celestica in a research note on Wednesday. JPMorgan Chase & Co. upped their target price on Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada upped their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. Finally, CICC Research began coverage on Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $325.13.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner bought 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.52% of the company’s stock.

Celestica Company 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.