Celestica Inc. (NYSE:CLS) Shares Purchased by Quantbot Technologies LP

Quantbot Technologies LP raised its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 120.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,660 shares of the technology company’s stock after buying an additional 56,732 shares during the period. Quantbot Technologies LP’s holdings in Celestica were worth $5,299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the 3rd quarter worth approximately $30,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 3rd quarter valued at $34,000. Wolff Wiese Magana LLC boosted its holdings in shares of Celestica by 32.1% in the 2nd quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares in the last quarter. Finally, Private Trust Co. NA grew its position in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLS has been the subject of several research analyst reports. 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 research note on Thursday, October 24th. Stifel Nicolaus raised their price target on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. 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 on the stock. Finally, TD Securities upped their price target 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 assigned a buy rating to the company. According to data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $71.45.

Celestica Stock Up 1.2 %

CLS stock opened at $86.66 on Wednesday. The stock has a market capitalization of $10.08 billion, a PE ratio of 27.51 and a beta of 2.24. The company has a fifty day moving average of $65.74 and a 200-day moving average of $57.61. 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 Inc. has a one year low of $25.83 and a one year high of $93.15.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same quarter in the previous year, the company earned $0.65 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, analysts expect that Celestica Inc. will post 3.44 EPS for the current year.

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.