Union Bancaire Privee UBP SA Invests $5.34 Million in Celestica, Inc. $CLS

Union Bancaire Privee UBP SA acquired a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 21,658 shares of the technology company’s stock, valued at approximately $5,336,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Golden State Wealth Management LLC raised its holdings in Celestica by 102.5% during 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. acquired a new stake in Celestica during the second quarter worth approximately $37,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Celestica in the second quarter valued at $40,000. First Horizon Advisors Inc. increased its stake in shares of 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 acquiring an additional 87 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its position in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after purchasing an additional 114 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were purchased 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CLS shares. BNP Paribas restated an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Stifel Nicolaus reiterated a “buy” rating and set a $385.00 target price (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. New Street Research set a $400.00 price target on shares of Celestica in a research report on Wednesday, October 29th. Finally, CICC Research assumed coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Trading Down 4.8%

NYSE:CLS opened at $288.39 on Wednesday. The business has a fifty day moving average of $309.10 and a 200-day moving average of $230.36. The stock has a market cap of $33.17 billion, a price-to-earnings ratio of 46.82 and a beta of 1.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

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