Whale Rock Capital Management LLC Grows Position in Celestica Inc. (NYSE:CLS)

Whale Rock Capital Management LLC raised its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 13.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,467,244 shares of the technology company's stock after purchasing an additional 975,163 shares during the period. Celestica accounts for about 6.1% of Whale Rock Capital Management LLC's investment portfolio, making the stock its 2nd biggest holding. Whale Rock Capital Management LLC owned approximately 7.14% of Celestica worth $432,846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the third quarter worth $61,210,000. Dimensional Fund Advisors LP boosted its position in shares of Celestica by 4.7% during 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 boosted its position in shares of Celestica by 19,876.9% during the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company's stock worth $66,770,000 after acquiring an additional 1,158,823 shares during the last quarter. Bank of Montreal Can boosted its position 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 worth $68,470,000 after acquiring an additional 9,462 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted 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 acquiring an additional 301,563 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research reports. Barclays initiated coverage on shares of Celestica in a research report on Tuesday, November 5th. They set an "overweight" rating and a $91.00 target price for the company. BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Royal Bank of Canada increased their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Stifel Nicolaus increased their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Finally, TD Cowen increased their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and an average target price of $71.45.

Celestica Trading Up 3.4 %

CLS stock traded up $3.09 during trading on Friday, hitting $95.17. The company had a trading volume of 1,801,012 shares, compared to its average volume of 2,288,273. The firm has a market capitalization of $11.07 billion, a P/E ratio of 29.23 and a beta of 2.27. Celestica Inc. has a 52-week low of $26.00 and a 52-week high of $96.00. The company has a 50 day simple moving average of $71.73 and a 200-day simple moving average of $59.56. 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 posted its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm's revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. As a group, research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal 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.