Barclays PLC Has $2.65 Million Stake in Celestica Inc. (NYSE:CLS)

Barclays PLC increased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 151.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,848 shares of the technology company’s stock after purchasing an additional 31,219 shares during the period. Barclays PLC’s holdings in Celestica were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in CLS. Optimum Investment Advisors increased its position in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. bought a new position in Celestica during the third quarter worth about $30,000. UMB Bank n.a. acquired a new stake in Celestica in the 3rd quarter worth about $34,000. Private Trust Co. NA raised its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in Celestica in the 3rd quarter valued at about $51,000. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on CLS. TD Securities lifted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Stifel Nicolaus increased their target price on Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Canaccord Genuity Group boosted their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, TD Cowen increased their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $77.82.

Celestica Trading Up 0.0 %

Shares of Celestica stock opened at $97.53 on Wednesday. The firm’s 50 day moving average is $81.04 and its 200 day moving average is $62.84. The firm has a market capitalization of $11.35 billion, a PE ratio of 30.96 and a beta of 2.27. Celestica Inc. has a 1 year low of $26.62 and a 1 year high of $100.51. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Equities research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

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.