Westfield Capital Management Co. LP Raises Stock Position in Celestica Inc. (NYSE:CLS)

Westfield Capital Management Co. LP boosted its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 536,249 shares of the technology company's stock after purchasing an additional 109,972 shares during the period. Westfield Capital Management Co. LP owned approximately 0.45% of Celestica worth $27,413,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CLS. Larson Financial Group LLC bought a new stake in Celestica in the third quarter valued at approximately $204,000. Cerity Partners LLC increased its stake in shares of Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock worth $551,000 after buying an additional 338 shares during the period. L & S Advisors Inc purchased a new position in shares of Celestica in the third quarter worth $1,961,000. Value Aligned Research Advisors LLC raised its holdings in Celestica by 10.5% during the 3rd quarter. Value Aligned Research Advisors LLC now owns 77,210 shares of the technology company's stock valued at $3,953,000 after buying an additional 7,354 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its position in Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock valued at $1,682,000 after buying an additional 12,584 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of analyst reports. Barclays started coverage on shares of Celestica in a research report on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price objective on the stock. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Stifel Nicolaus upped their price target on Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Royal Bank of Canada lifted their price objective on Celestica from $65.00 to $75.00 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Finally, TD Cowen upped 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 equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $71.45.

Celestica Stock Down 4.0 %

Shares of NYSE:CLS traded down $3.55 on Monday, hitting $85.61. 2,445,341 shares of the company traded hands, compared to its average volume of 2,298,823. The stock has a 50 day simple moving average of $64.95 and a 200-day simple moving average of $57.35. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $9.96 billion, a PE ratio of 27.64 and a beta of 2.24. Celestica Inc. has a 52 week low of $25.83 and a 52 week high of $93.15.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica's revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $0.65 EPS. As a group, research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

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.