Dynamic Technology Lab Private Ltd Takes Position in Celestica Inc. (NYSE:CLS)

Dynamic Technology Lab Private Ltd purchased a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 31,976 shares of the technology company's stock, valued at approximately $1,635,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors raised its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Celestica during the 3rd quarter valued at $30,000. UMB Bank n.a. bought a new position in Celestica in the 3rd quarter valued at $34,000. Wolff Wiese Magana LLC boosted its stake in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company's stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Celestica during the third quarter worth $51,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com cut Celestica from a "buy" rating to a "hold" rating in a report on Friday, August 2nd. Stifel Nicolaus boosted their target price on shares of Celestica from $58.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. BMO Capital Markets upped their target price on shares of 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 shares of Celestica in a report on Friday. They issued a "neutral" rating and a $95.00 price target for the company. Finally, TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Celestica presently has an average rating of "Moderate Buy" and an average target price of $71.45.

Celestica Trading Up 1.2 %

Shares of CLS stock traded up $1.06 during trading hours on Tuesday, reaching $86.66. The company had a trading volume of 1,608,767 shares, compared to its average volume of 2,295,814. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $93.15. 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 $10.08 billion, a price-to-earnings ratio of 27.18 and a beta of 2.24. The company has a 50 day moving average of $65.74 and a 200 day moving average of $57.61.

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