Celestica Inc. (NYSE:CLS) Shares Bought by MML Investors Services LLC

MML Investors Services LLC grew its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 274.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,328 shares of the technology company's stock after acquiring an additional 20,022 shares during the period. MML Investors Services LLC's holdings in Celestica were worth $1,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pier Capital LLC lifted its stake in Celestica by 0.4% in the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company's stock worth $4,757,000 after acquiring an additional 335 shares during the period. Kensington Investment Counsel LLC increased its position in Celestica by 12.0% during the 3rd quarter. Kensington Investment Counsel LLC now owns 5,514 shares of the technology company's stock valued at $282,000 after purchasing an additional 591 shares during the period. XTX Topco Ltd bought a new stake in shares of Celestica in the 3rd quarter valued at about $1,580,000. iA Global Asset Management Inc. purchased a new stake in shares of Celestica in the 3rd quarter worth approximately $7,255,000. Finally, Whale Rock Capital Management LLC boosted its stake in shares of Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Royal Bank of Canada boosted their price objective on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. UBS Group started coverage on Celestica in a research note on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus boosted their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Celestica currently has a consensus rating of "Moderate Buy" and an average target price of $74.18.

Celestica Stock Performance

Shares of Celestica stock traded up $0.94 during midday trading on Thursday, hitting $93.05. The company had a trading volume of 1,699,902 shares, compared to its average volume of 2,282,383. The company has a fifty day simple moving average of $79.07 and a 200 day simple moving average of $61.92. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 29.54 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $100.51.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business's quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $0.65 earnings per share. As a group, analysts predict that Celestica Inc. will post 3.44 earnings per share 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.