Natixis Advisors LLC Makes New Investment in Celestica Inc. (NYSE:CLS)

Natixis Advisors LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,991 shares of the technology company’s stock, valued at approximately $745,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLS. Price T Rowe Associates Inc. MD increased its stake in Celestica by 2,494.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock valued at $391,147,000 after purchasing an additional 8,368,293 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Celestica by 72.9% during the fourth quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after acquiring an additional 1,428,071 shares in the last quarter. Point72 Hong Kong Ltd raised its holdings in shares of Celestica by 411.4% in the 4th quarter. Point72 Hong Kong Ltd now owns 1,627,529 shares of the technology company’s stock worth $47,654,000 after acquiring an additional 1,309,257 shares during the last quarter. Norges Bank acquired a new stake in shares of Celestica in the 4th quarter worth about $26,755,000. Finally, Vanguard Group Inc. lifted its position in Celestica by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock valued at $124,924,000 after acquiring an additional 562,157 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 0.5 %

Shares of Celestica stock opened at $45.55 on Friday. The stock has a fifty day moving average price of $52.15 and a 200-day moving average price of $50.35. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86. The firm has a market cap of $5.40 billion, a PE ratio of 17.00 and a beta of 2.29. Celestica Inc. has a 1 year low of $20.87 and a 1 year high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.81 by $0.10. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Celestica Inc. will post 3.22 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CLS. Stifel Nicolaus raised Celestica from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Monday. CIBC increased their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Royal Bank of Canada raised their price objective on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research note on Monday, July 22nd. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Canaccord Genuity Group raised their price target on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $58.38.

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.