Dynamic Technology Lab Private Ltd Makes New Investment in Celestica Inc. (NYSE:CLS)

by · The Cerbat Gem

Dynamic Technology Lab Private Ltd purchased a new position in Celestica Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 31,976 shares of the technology company’s stock, valued at approximately $1,635,000.

A number of other large investors have also bought and sold shares of the stock. Westfield Capital Management Co. LP grew its holdings in Celestica by 25.8% in the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares during the period. Larson Financial Group LLC acquired a new stake in Celestica in the third quarter worth $204,000. Cerity Partners LLC grew its holdings in Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock worth $551,000 after purchasing an additional 338 shares during the period. L & S Advisors Inc acquired a new stake in Celestica in the third quarter worth $1,961,000. Finally, Value Aligned Research Advisors LLC grew its holdings in Celestica by 10.5% in the third quarter. Value Aligned Research Advisors LLC now owns 77,210 shares of the technology company’s stock worth $3,953,000 after purchasing an additional 7,354 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group assumed coverage on shares of Celestica in a report on Friday. They set a “neutral” rating and a $95.00 price objective for the company. TD Securities lifted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, Barclays assumed coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $71.45.

Get Our Latest Analysis on CLS

Celestica Stock Down 4.0 %

CLS opened at $85.61 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company’s 50-day moving average is $64.95 and its 200 day moving average is $57.35. Celestica Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $93.15. The firm has a market capitalization of $9.96 billion, a P/E ratio of 27.18 and a beta of 2.24.

Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $0.65 earnings per share. Research analysts expect that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Celestica Profile

(Free Report)

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.

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