Value Aligned Research Advisors LLC Purchases 7,354 Shares of Celestica Inc. (NYSE:CLS)

Value Aligned Research Advisors LLC boosted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 77,210 shares of the technology company's stock after acquiring an additional 7,354 shares during the quarter. Celestica accounts for approximately 1.0% of Value Aligned Research Advisors LLC's investment portfolio, making the stock its 13th biggest holding. Value Aligned Research Advisors LLC owned approximately 0.07% of Celestica worth $3,953,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Wolff Wiese Magana LLC boosted its position in Celestica by 32.1% during the 2nd 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 period. Optimum Investment Advisors grew its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after purchasing an additional 200 shares during the period. Truist Financial Corp increased its stake in shares of Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock valued at $631,000 after acquiring an additional 214 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its position in shares of Celestica by 26.6% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock worth $67,000 after purchasing an additional 275 shares in the last quarter. Finally, Creative Planning grew its stake in Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company's stock valued at $431,000 after acquiring an additional 336 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of Celestica stock traded up $0.14 during trading on Wednesday, reaching $86.96. The company's stock had a trading volume of 1,755,254 shares, compared to its average volume of 2,288,330. The firm has a market cap of $10.31 billion, a PE ratio of 27.61 and a beta of 2.24. 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 Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $88.68. The company has a 50-day moving average price of $63.16 and a two-hundred day moving average price of $56.69.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the business posted $0.65 earnings per share. The company's revenue was up 24.8% on a year-over-year basis. On average, analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CLS shares. BMO Capital Markets increased their price objective on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. StockNews.com cut Celestica from a "buy" rating to a "hold" rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Royal Bank of Canada upped their price target on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and a consensus target price of $69.10.

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.