Westfield Capital Management Co. LP Boosts Holdings in Celestica Inc. (NYSE:CLS)

Westfield Capital Management Co. LP lifted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 25.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.45% of Celestica worth $27,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CLS. Optimum Investment Advisors lifted its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica in the third quarter valued at $30,000. UMB Bank n.a. acquired a new position in Celestica in the 3rd quarter valued at about $34,000. Wolff Wiese Magana LLC boosted its position in 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 during the period. Finally, Global Trust Asset Management LLC purchased a new stake in Celestica during the 3rd quarter worth about $51,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Down 2.5 %

NYSE CLS opened at $89.16 on Monday. Celestica Inc. has a one year low of $25.83 and a one year high of $93.15. The firm has a market cap of $10.37 billion, a PE ratio of 28.30 and a beta of 2.24. The firm’s fifty day moving average is $64.95 and its two-hundred day moving average is $57.29. 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 (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The firm had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same period last year, the company earned $0.65 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CLS shares. Royal Bank of Canada boosted 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. StockNews.com cut Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus upped their price objective on Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group assumed coverage on Celestica in a report on Friday. They issued a “neutral” rating and a $95.00 price target for the company. Finally, Barclays started coverage on shares of Celestica in a report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $71.45.

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.