Barclays PLC Acquires 31,219 Shares of Celestica Inc. (NYSE:CLS)

Barclays PLC raised its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 151.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,848 shares of the technology company’s stock after acquiring an additional 31,219 shares during the period. Barclays PLC’s holdings in Celestica were worth $2,651,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CLS. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica during the third quarter worth $61,210,000. Driehaus Capital Management LLC raised its stake in shares of Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after purchasing an additional 1,158,823 shares during the period. Whale Rock Capital Management LLC lifted its holdings in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Celestica by 1,697.3% during the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after buying an additional 220,494 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CLS. BMO Capital Markets upped 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. TD Securities increased their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada upped their target price on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a 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 company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $77.82.

Celestica Stock Performance

CLS opened at $97.53 on Wednesday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $100.51. The business has a 50 day moving average of $81.04 and a 200-day moving average of $62.84. The stock has a market cap of $11.35 billion, a price-to-earnings ratio of 30.96 and a beta of 2.27.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm posted $0.65 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current year.

Celestica Company 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.