Celestica Inc. (NYSE:CLS) Shares Purchased by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.4% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,515 shares of the technology company’s stock after buying an additional 529 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Celestica were worth $1,288,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Price T Rowe Associates Inc. MD lifted its position in Celestica by 2,494.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after purchasing an additional 8,368,293 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Celestica by 72.9% in the fourth quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock valued at $99,163,000 after purchasing an additional 1,428,071 shares during the period. Point72 Hong Kong Ltd raised its holdings in shares of Celestica by 411.4% during the fourth quarter. Point72 Hong Kong Ltd now owns 1,627,529 shares of the technology company’s stock valued at $47,654,000 after buying an additional 1,309,257 shares during the last quarter. Norges Bank acquired a new position in shares of Celestica during the fourth quarter worth approximately $26,755,000. Finally, Vanguard Group Inc. grew its holdings in Celestica by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock worth $124,924,000 after buying an additional 562,157 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CLS. CIBC lifted their target price on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Royal Bank of Canada 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, July 22nd. BMO Capital Markets raised their target price on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, June 17th. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Monday, September 9th. Finally, StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. 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.com, Celestica has an average rating of “Moderate Buy” and an average target price of $58.38.

Celestica Stock Down 2.0 %

Shares of Celestica stock opened at $48.73 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $20.87 and a 12-month high of $63.49. The firm has a market capitalization of $5.79 billion, a PE ratio of 18.18 and a beta of 2.29. The stock’s fifty day moving average is $50.45 and its 200-day moving average is $50.55.

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