Mirabella Financial Services LLP Acquires Shares of 19,326 Celestica Inc. (NYSE:CLS)

Mirabella Financial Services LLP bought a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,326 shares of the technology company’s stock, valued at approximately $959,000.

Several other institutional investors and hedge funds have also made changes to their positions in CLS. Vanguard Group Inc. increased its position in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after buying an additional 64,658 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica during the third quarter worth approximately $61,210,000. Dimensional Fund Advisors LP increased its holdings in shares of Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock valued at $68,024,000 after acquiring an additional 52,807 shares during the period. Driehaus Capital Management LLC raised its position in Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after purchasing an additional 1,158,823 shares during the last quarter. Finally, Bank of Montreal Can raised its position in Celestica by 0.8% in the 2nd quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock valued at $68,470,000 after purchasing an additional 9,462 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Down 4.0 %

CLS opened at $85.61 on Tuesday. The business has a 50 day simple moving average of $64.95 and a 200-day simple moving average of $57.35. Celestica Inc. has a 12 month low of $25.83 and a 12 month high of $93.15. The stock has a market capitalization of $9.96 billion, a P/E ratio of 27.18 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Barclays started coverage on shares of Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price objective on the stock. TD Cowen boosted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus upped their price target on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.