Wolff Wiese Magana LLC Buys 355 Shares of Celestica Inc. (NYSE:CLS)

Wolff Wiese Magana LLC increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 47.7% during the fourth quarter, HoldingsChannel reports. The firm owned 1,100 shares of the technology company’s stock after acquiring an additional 355 shares during the period. Wolff Wiese Magana LLC’s holdings in Celestica were worth $102,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at $946,000. FNY Investment Advisers LLC purchased a new stake in Celestica in the 4th quarter worth about $184,000. Oliver Luxxe Assets LLC raised its stake in Celestica by 0.7% in the 4th quarter. Oliver Luxxe Assets LLC now owns 89,927 shares of the technology company’s stock valued at $8,298,000 after acquiring an additional 659 shares during the period. Franklin Resources Inc. raised its stake in Celestica by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 276,788 shares of the technology company’s stock valued at $14,149,000 after acquiring an additional 48,251 shares during the period. Finally, World Investment Advisors LLC purchased a new stake in Celestica during the third quarter valued at about $4,003,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 1.8 %

Shares of CLS opened at $104.93 on Wednesday. Celestica Inc. has a 1-year low of $26.62 and a 1-year high of $106.19. The company has a market capitalization of $12.21 billion, a P/E ratio of 33.31 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm’s 50 day simple moving average is $91.57 and its 200 day simple moving average is $67.58.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate 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 analysts’ expectations of $2.41 billion. During the same quarter last year, the company posted $0.65 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. Sell-side analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays started coverage on shares of Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target on the stock. BMO Capital Markets increased their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price target on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. TD Securities increased their price objective on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $81.45.

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.