Centiva Capital LP Boosts Holdings in Celestica Inc. (NYSE:CLS)

Centiva Capital LP raised its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 15.4% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,364 shares of the technology company’s stock after buying an additional 1,515 shares during the quarter. Centiva Capital LP’s holdings in Celestica were worth $581,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CLS. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Celestica during the third quarter worth about $5,715,000. PDT Partners LLC lifted its position in Celestica by 36.0% in the third quarter. PDT Partners LLC now owns 82,602 shares of the technology company’s stock valued at $4,223,000 after purchasing an additional 21,874 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Celestica by 6.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,002 shares of the technology company’s stock valued at $1,380,000 after purchasing an additional 1,530 shares in the last quarter. Bridgewater Associates LP increased its position in Celestica by 85.2% during the 3rd quarter. Bridgewater Associates LP now owns 166,754 shares of the technology company’s stock worth $8,524,000 after purchasing an additional 76,690 shares during the period. Finally, Townsquare Capital LLC purchased a new position in shares of Celestica during the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 3.0 %

Shares of NYSE:CLS opened at $94.86 on Friday. 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 capitalization of $11.04 billion, a P/E ratio of 30.11 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 stock’s fifty day simple moving average is $72.61 and its 200-day simple moving average is $59.90.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (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 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 period last year, the company earned $0.65 EPS. As a group, equities research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CLS shares. Barclays initiated coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. TD Cowen raised their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. UBS Group assumed 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. BMO Capital Markets raised their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, TD Securities boosted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research 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. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target 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.