Cerity Partners LLC Has $551,000 Stake in Celestica Inc. (NYSE:CLS)

Cerity Partners LLC boosted its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,772 shares of the technology company’s stock after buying an additional 338 shares during the period. Cerity Partners LLC’s holdings in Celestica were worth $551,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. L & S Advisors Inc bought a new position in shares of Celestica in the third quarter worth about $1,961,000. Value Aligned Research Advisors LLC raised its stake 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 worth $3,953,000 after buying an additional 7,354 shares during the period. Advisors Asset Management Inc. raised its holdings in Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after buying an additional 12,584 shares during the period. LMR Partners LLP bought a new position in Celestica during the 3rd quarter worth about $5,112,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the 3rd quarter worth approximately $61,210,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

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 firm has a market capitalization of $11.04 billion, a P/E ratio of 30.11 and a beta of 2.27. The company has a 50-day moving average price of $72.61 and a 200-day moving average price of $59.90. Celestica Inc. has a 52 week low of $26.00 and a 52 week high of $96.00.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS 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 for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the company earned $0.65 earnings per share. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on CLS shares. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group started coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. 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 note on Thursday, October 24th. Barclays started 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, Stifel Nicolaus raised their price target on shares of Celestica from $58.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock 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.