Maven Securities LTD Takes $258,000 Position in Celestica Inc. (NYSE:CLS)

Maven Securities LTD acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 4,500 shares of the technology company’s stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Wolff Wiese Magana LLC increased its holdings in shares of Celestica by 32.1% during the 2nd 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 Celestica by 90.0% during the second quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after acquiring an additional 450 shares during the last quarter. Whittier Trust Co. of Nevada Inc. purchased a new stake in Celestica in the second quarter valued at $59,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 1st quarter valued at $64,000. Finally, Byrne Asset Management LLC grew its holdings in shares of Celestica by 52.8% during the 2nd quarter. Byrne Asset Management LLC now owns 1,910 shares of the technology company’s stock worth $109,000 after purchasing an additional 660 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 1.4 %

Celestica stock opened at $50.31 on Thursday. The firm has a market capitalization of $5.98 billion, a P/E ratio of 18.77 and a beta of 2.29. The stock’s fifty day simple moving average is $49.36 and its 200-day simple moving average is $50.82. Celestica Inc. has a twelve month low of $20.87 and a twelve month high of $63.49. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the company earned $0.55 EPS. Celestica’s revenue for the quarter was up 23.3% compared to the same quarter last year. As a group, equities analysts expect that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. CIBC boosted their price objective on shares of Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. BMO Capital Markets upped their price objective on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Royal Bank of Canada lifted their target price on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, July 22nd. Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Monday, September 9th. Finally, Canaccord Genuity Group lifted their price objective on Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

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.