Geode Capital Management LLC Raises Position in Celestica Inc. (NYSE:CLS)

Geode Capital Management LLC raised its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 8.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,915 shares of the technology company’s stock after buying an additional 8,660 shares during the period. Geode Capital Management LLC owned about 0.09% of Celestica worth $6,236,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica during the third quarter worth about $30,000. UMB Bank n.a. purchased a new stake in Celestica during the 3rd quarter valued at about $34,000. Private Trust Co. NA raised its holdings in 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 acquiring an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Celestica in the 3rd quarter worth approximately $51,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CLS shares. BMO Capital Markets upped their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen upped their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays initiated coverage on Celestica in a research note on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 target price for the company. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Stifel Nicolaus raised their price objective on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $77.82.

Celestica Trading Up 4.1 %

Shares of CLS stock opened at $96.92 on Friday. Celestica Inc. has a 1-year low of $26.62 and a 1-year high of $100.51. The firm has a market cap of $11.28 billion, a PE ratio of 30.77 and a beta of 2.27. The company has a 50-day moving average of $87.32 and a two-hundred day moving average of $65.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. The firm had revenue of $2.50 billion during 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 quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $0.65 EPS. On average, analysts predict 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.