Celestica Inc. (NYSE:CLS) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 40.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,266 shares of the technology company's stock after buying an additional 19,221 shares during the quarter. Van ECK Associates Corp owned about 0.06% of Celestica worth $3,439,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its holdings in Celestica by 2,494.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company's stock valued at $391,147,000 after purchasing an additional 8,368,293 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Celestica by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company's stock valued at $194,643,000 after buying an additional 64,658 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Celestica by 0.3% in the 1st quarter. Acadian Asset Management LLC now owns 2,640,877 shares of the technology company's stock worth $118,730,000 after buying an additional 7,335 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company's stock worth $68,024,000 after buying an additional 52,807 shares during the period. Finally, Driehaus Capital Management LLC increased its stake in Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock worth $66,770,000 after buying an additional 1,158,823 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent analyst reports. TD Securities upped their price objective on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. CIBC lifted their price objective on shares of Celestica from $58.00 to $60.00 and gave the company a "neutral" rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Canaccord Genuity Group raised their target price on shares of Celestica from $53.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 26th. Finally, BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Celestica currently has an average rating of "Moderate Buy" and a consensus target price of $69.10.

Celestica Trading Up 0.6 %

Shares of NYSE CLS traded up $0.52 during mid-day trading on Friday, reaching $85.85. The company had a trading volume of 2,269,404 shares, compared to its average volume of 2,859,197. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market cap of $10.18 billion, a price-to-earnings ratio of 27.25 and a beta of 2.24. The business's 50-day moving average is $56.99 and its 200-day moving average is $54.52. Celestica Inc. has a 52 week low of $24.37 and a 52 week high of $86.36.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly 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 analyst estimates of $2.41 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business's revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts expect that Celestica Inc. will post 3.44 earnings per share 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.