State Street Corp Invests $452,000 in Celestica Inc. (NYSE:CLS)

State Street Corp acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,851 shares of the technology company's stock, valued at approximately $452,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in Celestica by 2,107.2% during the 3rd quarter. Stifel Financial Corp now owns 107,379 shares of the technology company's stock worth $5,489,000 after purchasing an additional 102,514 shares during the last quarter. Point72 Asset Management L.P. increased its position in shares of Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock worth $55,451,000 after buying an additional 301,563 shares during the period. Polar Asset Management Partners Inc. bought a new position in Celestica during the third quarter worth $767,000. Polymer Capital Management HK LTD acquired a new position in Celestica in the third quarter valued at $204,000. Finally, Janus Henderson Group PLC boosted its position in Celestica by 10.5% during the third quarter. Janus Henderson Group PLC now owns 37,467 shares of the technology company's stock valued at $1,919,000 after acquiring an additional 3,545 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 4.1 %

Shares of Celestica stock traded up $3.85 during trading hours on Friday, reaching $96.92. The company's stock had a trading volume of 1,099,619 shares, compared to its average volume of 1,225,859. 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 stock's fifty day simple moving average is $87.32 and its two-hundred day simple moving average is $65.25. The company has a market capitalization of $11.28 billion, a P/E ratio of 30.77 and a beta of 2.27. Celestica Inc. has a one year low of $26.62 and a one year high of $100.51.

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 the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm's revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.65 EPS. On average, research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CLS shares. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price objective for the company. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a "buy" 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 stock a "buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. Finally, UBS Group began coverage on shares of Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 target price on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $77.82.

Celestica 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.