Global Trust Asset Management LLC Grows Position in Celestica Inc. (NYSE:CLS)

Global Trust Asset Management LLC grew its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 195.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,950 shares of the technology company’s stock after acquiring an additional 1,950 shares during the quarter. Global Trust Asset Management LLC’s holdings in Celestica were worth $272,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Mitchell Mcleod Pugh & Williams Inc. bought a new stake in Celestica during the fourth quarter valued at approximately $300,000. UMB Bank n.a. raised its position in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares in the last quarter. Annex Advisory Services LLC bought a new stake in shares of Celestica during the 4th quarter worth $265,000. Oak Ridge Investments LLC bought a new stake in shares of Celestica during the 4th quarter worth $2,291,000. Finally, Hennessy Advisors Inc. increased its stake in Celestica by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 220,200 shares of the technology company’s stock valued at $20,324,000 after acquiring an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 4.4 %

Shares of NYSE CLS opened at $118.22 on Wednesday. The company has a market cap of $13.76 billion, a price-to-earnings ratio of 37.53 and a beta of 2.25. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm’s fifty day moving average is $93.72 and its 200 day moving average is $69.06. Celestica Inc. has a 52 week low of $30.40 and a 52 week high of $119.77.

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

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares of the company’s stock, 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 SEC, which is available through this link. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CLS. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Stifel Nicolaus boosted their target price on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Royal Bank of Canada increased their price target on shares of Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $81.45.

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.