Celestica Inc. (NYSE:CLS) Stock Position Lifted by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 21.1% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 276,788 shares of the technology company's stock after buying an additional 48,251 shares during the quarter. Franklin Resources Inc. owned approximately 0.24% of Celestica worth $14,149,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Westover Capital Advisors LLC increased its stake in shares of Celestica by 20.9% during the 2nd quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock valued at $1,248,000 after acquiring an additional 3,764 shares during the last quarter. Quantbot Technologies LP increased its stake in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock worth $5,299,000 after acquiring an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Celestica in the 3rd quarter worth about $61,210,000. Sigma Planning Corp acquired a new position in shares of Celestica in the 3rd quarter valued at about $420,000. Finally, Advisors Asset Management Inc. grew its holdings in shares of Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock worth $1,682,000 after purchasing an additional 12,584 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Up 2.6 %

Shares of CLS stock traded up $2.40 during mid-day trading on Friday, reaching $95.45. 2,057,957 shares of the company were exchanged, compared to its average volume of 2,281,476. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The business's 50 day simple moving average is $80.35 and its 200 day simple moving average is $62.41. The company has a market capitalization of $11.11 billion, a P/E ratio of 30.30 and a beta of 2.27. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week 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 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 the consensus estimate of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period last year, the firm earned $0.65 earnings per share. Research analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on CLS shares. Canaccord Genuity Group lifted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday. Royal Bank of Canada lifted their target price on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus increased their price target on Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Finally, TD Securities raised their target price on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $77.82.

About Celestica

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.