Allspring Global Investments Holdings LLC Increases Stock Holdings in Celestica Inc. (NYSE:CLS)

Allspring Global Investments Holdings LLC boosted its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 63.0% during the third quarter, Holdings Channel.com reports. The firm owned 158,242 shares of the technology company’s stock after buying an additional 61,135 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Celestica were worth $8,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its holdings in shares of Celestica by 2,494.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock worth $391,147,000 after buying an additional 8,368,293 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock worth $66,770,000 after acquiring an additional 1,158,823 shares during the last quarter. Vanguard Group Inc. raised its position in Celestica by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock valued at $124,924,000 after purchasing an additional 562,157 shares during the period. Broad Peak Investment Holdings Ltd. purchased a new stake in Celestica in the first quarter valued at $10,096,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of Celestica by 62.9% in the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock valued at $24,548,000 after purchasing an additional 210,943 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday. 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. CIBC upped their price objective on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. TD Cowen lifted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday. Finally, StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.67.

Celestica Stock Performance

Shares of CLS stock opened at $69.38 on Friday. The firm has a 50 day moving average of $52.42 and a two-hundred day moving average of $52.31. The stock has a market capitalization of $8.24 billion, a PE ratio of 25.89 and a beta of 2.28. 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 52 week low of $20.87 and a 52 week high of $70.07.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results 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 during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. Celestica’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business posted $0.65 earnings per share. On average, research analysts predict that Celestica Inc. will post 3.22 EPS for the current fiscal year.

Celestica Company 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.