Harbor Capital Advisors Inc. grew its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 52.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,478 shares of the technology company's stock after acquiring an additional 21,228 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.05% of Celestica worth $3,143,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of CLS. Westover Capital Advisors LLC lifted its stake in Celestica by 20.9% during the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock worth $1,248,000 after purchasing an additional 3,764 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Celestica by 62.9% in the first quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company's stock valued at $24,548,000 after acquiring an additional 210,943 shares in the last quarter. Rockingstone Advisors LLC bought a new stake in Celestica during the second quarter worth approximately $2,442,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Celestica in the 1st quarter valued at approximately $1,231,000. Finally, Janus Henderson Group PLC bought a new position in shares of Celestica during the 1st quarter valued at $1,040,000. Hedge funds and other institutional investors own 67.38% of the company's stock.
Analyst Ratings Changes
A number of equities analysts have weighed in on CLS shares. 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. CIBC lifted their price target on shares of Celestica from $58.00 to $60.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Royal Bank of Canada upped their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Barclays began coverage on shares of Celestica in a research report on Tuesday. They set an "overweight" rating and a $91.00 target price for the company. Finally, TD Cowen raised their target price on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $69.10.
Check Out Our Latest Stock Report on CLS
Celestica Stock Performance
Shares of Celestica stock traded up $3.31 during trading on Tuesday, reaching $75.63. The company's stock had a trading volume of 2,876,253 shares, compared to its average volume of 2,273,309. Celestica Inc. has a one year low of $24.37 and a one year high of $76.28. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 24.01 and a beta of 2.24. The business's fifty day moving average price is $54.97 and its 200-day moving average price is $53.67. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.41 billion. During the same quarter in the prior year, the company earned $0.65 EPS. The company's revenue was up 24.8% on a year-over-year basis. As a group, equities research analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.
About Celestica
(
Free Report)
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.
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