Mark Sheptoff Financial Planning LLC Buys Shares of 20,550 Celestica Inc. (NYSE:CLS)

Mark Sheptoff Financial Planning LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 20,550 shares of the technology company’s stock, valued at approximately $1,178,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Wolff Wiese Magana LLC increased its holdings in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after buying an additional 170 shares during the last quarter. Naples Money Management LLC increased its stake in shares of Celestica by 90.0% during the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after purchasing an additional 450 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Celestica during the 2nd quarter valued at $59,000. UMB Bank n.a. acquired a new stake in shares of Celestica in the 1st quarter valued at $64,000. Finally, Principal Securities Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at $42,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on CLS shares. BMO Capital Markets boosted their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. Royal Bank of Canada boosted their price objective on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, July 22nd. CIBC raised their target price on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Finally, Canaccord Genuity Group lifted their target price on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $58.38.

Celestica Price Performance

Shares of Celestica stock opened at $46.84 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The company has a market cap of $5.56 billion, a PE ratio of 17.48 and a beta of 2.29. The firm has a fifty day moving average price of $50.86 and a two-hundred day moving average price of $50.48. Celestica Inc. has a fifty-two week low of $20.87 and a fifty-two week high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.10. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The business had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. During the same quarter last year, the company earned $0.55 earnings per share. The firm’s revenue was up 23.3% on a year-over-year basis. Analysts expect that Celestica Inc. will post 3.22 EPS for the current year.

About Celestica

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.