Quantbot Technologies LP Purchases 56,732 Shares of Celestica Inc. (NYSE:CLS)

Quantbot Technologies LP raised its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 120.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 103,660 shares of the technology company's stock after acquiring an additional 56,732 shares during the quarter. Quantbot Technologies LP owned about 0.09% of Celestica worth $5,299,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Optimum Investment Advisors lifted its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after purchasing an additional 200 shares during the period. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter valued at about $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter valued at about $34,000. Wolff Wiese Magana LLC boosted its holdings in Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock worth $40,000 after buying an additional 170 shares during the last quarter. Finally, Private Trust Co. NA grew its position in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after buying an additional 720 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CLS shares. StockNews.com downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. BMO Capital Markets increased their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. TD Securities upped their price objective 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. Finally, Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $71.45.

Celestica Stock Down 4.0 %

Shares of CLS traded down $3.49 during midday trading on Wednesday, hitting $83.18. The stock had a trading volume of 3,867,469 shares, compared to its average volume of 2,302,665. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market cap of $9.68 billion, a price-to-earnings ratio of 25.86 and a beta of 2.24. The company has a 50 day simple moving average of $66.53 and a two-hundred day simple moving average of $57.88. Celestica Inc. has a twelve month low of $25.83 and a twelve month high of $93.15.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. 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 business posted $0.65 EPS. The business's quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts anticipate that Celestica Inc. will post 3.44 EPS 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.