Whittier Trust Co. Acquires 608 Shares of Celestica Inc. (NYSE:CLS)

Whittier Trust Co. boosted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 8.4% in the third quarter, HoldingsChannel reports. The firm owned 7,867 shares of the technology company’s stock after purchasing an additional 608 shares during the quarter. Whittier Trust Co.’s holdings in Celestica were worth $402,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC lifted its stake in shares of Celestica by 63.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 158,242 shares of the technology company’s stock worth $8,089,000 after buying an additional 61,135 shares during the last quarter. TriaGen Wealth Management LLC acquired a new stake in Celestica during the third quarter worth approximately $1,651,000. Blue Trust Inc. boosted its holdings in shares of Celestica by 97.3% during the third quarter. Blue Trust Inc. now owns 14,433 shares of the technology company’s stock worth $738,000 after acquiring an additional 7,119 shares during the period. Stratos Wealth Advisors LLC boosted its holdings in shares of Celestica by 20.0% during the third quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company’s stock worth $215,000 after acquiring an additional 700 shares during the period. Finally, Harbour Capital Advisors LLC acquired a new position in shares of Celestica in the third quarter valued at approximately $275,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the subject of several research reports. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, September 9th. Canaccord Genuity Group boosted their target price on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research report on Friday, August 2nd. TD Securities boosted their price objective on shares of Celestica from $61.00 to $68.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Royal Bank of Canada raised their target price on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, July 22nd. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $61.88.

Celestica Trading Up 2.6 %

Shares of CLS opened at $57.46 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $20.87 and a 52-week high of $64.56. The firm has a market cap of $6.83 billion, a price-to-earnings ratio of 21.44 and a beta of 2.28. The business’s fifty day moving average is $51.89 and its 200-day moving average is $52.02.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data 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. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. Celestica’s revenue was up 23.3% compared to the same quarter last year. During the same period last year, the firm posted $0.55 earnings per share. Equities analysts anticipate that Celestica Inc. will post 3.22 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.