Forsta AP Fonden Purchases 16,900 Shares of Celestica, Inc. $CLS

Forsta AP Fonden increased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 28.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 76,200 shares of the technology company’s stock after buying an additional 16,900 shares during the quarter. Forsta AP Fonden owned 0.07% of Celestica worth $11,882,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CLS. Robeco Schweiz AG grew its stake in Celestica by 53.8% in the 2nd quarter. Robeco Schweiz AG now owns 61,500 shares of the technology company’s stock valued at $9,601,000 after buying an additional 21,500 shares during the last quarter. Vise Technologies Inc. bought a new stake in shares of Celestica during the second quarter worth about $9,063,000. Allworth Financial LP increased its stake in shares of Celestica by 509.3% in the second quarter. Allworth Financial LP now owns 1,249 shares of the technology company’s stock valued at $195,000 after buying an additional 1,044 shares during the period. PFG Advisors grew its stake in Celestica by 7.2% during the second quarter. PFG Advisors now owns 8,607 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 578 shares during the period. Finally, Acadian Asset Management LLC bought a new position in Celestica in the second quarter worth approximately $3,895,000. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Laurette T. Koellner bought 6,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was 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 directly owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. TD Cowen restated a “hold” rating and set a $238.00 price objective on shares of Celestica in a report on Friday, October 3rd. TD Securities raised their price target on Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research note on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, Barclays boosted their price objective on Celestica from $220.00 to $357.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $336.00.

Celestica Stock Up 0.6%

Celestica stock opened at $333.80 on Thursday. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a market cap of $38.39 billion, a PE ratio of 54.19 and a beta of 1.85. The stock’s 50 day moving average price is $274.88 and its 200 day moving average price is $193.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.86.

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