Celestica Inc. (NYSE:CLS) Shares Bought by Employees Retirement System of Texas

Employees Retirement System of Texas raised its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 7.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 28,100 shares of the technology company’s stock after acquiring an additional 2,000 shares during the quarter. Employees Retirement System of Texas’ holdings in Celestica were worth $1,611,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its holdings in Celestica by 2,494.7% in the first 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 acquiring an additional 8,368,293 shares during the period. Vanguard Group Inc. raised its stake in shares of Celestica by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after buying an additional 64,658 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Celestica by 72.9% during the 4th quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after buying an additional 1,428,071 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Celestica by 0.3% during the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company’s stock worth $118,730,000 after buying an additional 7,335 shares during the last quarter. Finally, WCM Investment Management LLC raised its stake in shares of Celestica by 4.6% during the 1st quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock worth $107,782,000 after buying an additional 105,943 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 2.7 %

Celestica stock opened at $52.08 on Friday. The stock has a market cap of $6.18 billion, a PE ratio of 19.43 and a beta of 2.29. The stock has a 50-day moving average price of $49.75 and a 200 day moving average price of $50.60. Celestica Inc. has a 52 week low of $20.87 and a 52 week 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 data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The firm had revenue of $2.39 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The firm’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS. Equities research analysts predict that Celestica Inc. will post 3.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CLS shares. CIBC lifted their price target on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Canaccord Genuity Group lifted their price target on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. BMO Capital Markets lifted their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Finally, Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Monday, September 9th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $58.38.

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.