Public Employees Retirement System of Ohio Acquires Shares of 136,040 Celestica Inc. (NYSE:CLS)

Public Employees Retirement System of Ohio bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 136,040 shares of the technology company's stock, valued at approximately $6,962,000. Public Employees Retirement System of Ohio owned about 0.11% of Celestica as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in the company. Whale Rock Capital Management LLC raised its position in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock worth $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica during the third quarter worth $61,210,000. Dimensional Fund Advisors LP raised its holdings in shares of Celestica by 4.7% in the second quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company's stock worth $68,024,000 after acquiring an additional 52,807 shares during the last quarter. Driehaus Capital Management LLC lifted its position in shares of Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock valued at $66,770,000 after acquiring an additional 1,158,823 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in shares of Celestica by 0.8% during the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company's stock valued at $68,470,000 after acquiring an additional 9,462 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Trading Up 9.0 %

Shares of NYSE CLS traded up $8.19 during midday trading on Friday, hitting $99.20. The stock had a trading volume of 4,118,795 shares, compared to its average volume of 2,287,013. 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 Inc. has a 1-year low of $26.62 and a 1-year high of $99.34. The company has a market capitalization of $11.54 billion, a price-to-earnings ratio of 31.49 and a beta of 2.27. The company has a fifty day moving average price of $76.65 and a 200 day moving average price of $61.10.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly 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 analysts' expectations of $2.41 billion. During the same period in the previous year, the company posted $0.65 earnings per share. Celestica's revenue was up 24.8% compared to the same quarter last year. On average, analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on CLS. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price for the company. BMO Capital Markets upped their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a research report on Tuesday. TD Securities boosted their price target on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada increased their price target on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Three 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 has a consensus rating of "Moderate Buy" and a consensus target price of $74.18.

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.