Natixis Advisors LLC Grows Holdings in Celestica Inc. (NYSE:CLS)

Natixis Advisors LLC raised its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 1,697.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 233,485 shares of the technology company's stock after purchasing an additional 220,494 shares during the period. Natixis Advisors LLC owned approximately 0.20% of Celestica worth $11,936,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westover Capital Advisors LLC raised its holdings 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 buying an additional 3,764 shares in the last quarter. Sigma Planning Corp bought a new stake in shares of Celestica in the 3rd quarter worth approximately $420,000. Van ECK Associates Corp lifted its holdings in shares of Celestica by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company's stock worth $3,439,000 after acquiring an additional 19,221 shares during the last quarter. Rockingstone Advisors LLC purchased a new stake in shares of Celestica in the 2nd quarter valued at $2,442,000. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of Celestica by 52.7% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company's stock valued at $3,143,000 after purchasing an additional 21,228 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CLS shares. StockNews.com downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. TD Cowen increased 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. CIBC raised their price target on Celestica from $58.00 to $60.00 and gave the stock a "neutral" rating in a research report on Friday, July 26th. Royal Bank of Canada boosted their price objective on Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their target price on shares of Celestica from $58.00 to $70.00 and gave the stock a "buy" 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 MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and a consensus target price of $69.10.

Celestica Stock Performance

Shares of CLS stock opened at $86.96 on Thursday. The firm has a market capitalization of $10.31 billion, a price-to-earnings ratio of 27.61 and a beta of 2.24. The stock has a fifty day moving average of $63.16 and a 200 day moving average of $56.69. Celestica Inc. has a 52 week low of $25.83 and a 52 week high of $88.68. 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 (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results 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 firm had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The company's revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

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.