Transamerica Financial Advisors Inc. Acquires Shares of 1,982 Celestica Inc. (NYSE:CLS)

Transamerica Financial Advisors Inc. acquired a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 1,982 shares of the technology company’s stock, valued at approximately $102,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLS. Vanguard Group Inc. increased its position in Celestica by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock valued at $194,643,000 after acquiring an additional 64,658 shares in the last quarter. SVB Wealth LLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $276,000. Janus Henderson Group PLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $1,040,000. Invst LLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $206,000. Finally, Cetera Advisors LLC acquired a new stake in shares of Celestica during the 1st quarter worth approximately $367,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of CLS opened at $83.18 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a twelve month low of $25.83 and a twelve month high of $93.15. The firm’s 50 day moving average price is $66.53 and its two-hundred day moving average price is $57.88. The firm has a market cap of $9.68 billion, a P/E ratio of 26.41 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. On average, analysts forecast that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CLS. UBS Group began coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. Stifel Nicolaus lifted their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.45.

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.