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

K.J. Harrison & Partners Inc boosted its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 107.7% during the 2nd quarter, Holdings Channel.com reports. The fund owned 27,000 shares of the technology company’s stock after buying 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 quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Celestica by 0.8% in the first quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company’s stock valued at $356,135,000 after acquiring an additional 35,690 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after acquiring an additional 1,453,473 shares during the last quarter. Royal Bank of Canada boosted its holdings in Celestica by 1.5% in the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock valued at $100,922,000 after acquiring an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC bought a new position in Celestica in the first quarter valued at about $96,936,000. Finally, BNP Paribas Financial Markets lifted its stake in Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company’s stock valued at $78,162,000 after buying an additional 438,762 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. BMO Capital Markets set a $370.00 target price on Celestica and gave the company an “outperform” rating in a research note on Wednesday. Canaccord Genuity Group increased their target price on Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. New Street Research set a $400.00 target price on Celestica in a research note on Wednesday. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $385.00 target price (up previously from $230.00) on shares of Celestica in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $325.13.

Celestica Trading Up 1.3%

NYSE CLS opened at $344.48 on Monday. The firm has a market cap of $39.63 billion, a P/E ratio of 55.92 and a beta of 1.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86. The stock’s 50-day moving average is $252.81 and its 200-day moving average is $180.45. Celestica, Inc. has a one year low of $58.05 and a one year high of $360.99.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm earned $1.04 EPS. Celestica’s revenue for the quarter was up 27.8% compared to the same quarter last year. Sell-side analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

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.