Y Intercept Hong Kong Ltd Takes Position in Celestica Inc. (NYSE:CLS)

Y Intercept Hong Kong Ltd purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, HoldingsChannel.com reports. The fund purchased 4,177 shares of the technology company’s stock, valued at approximately $214,000.

Other large investors also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Celestica in the 2nd quarter worth approximately $218,000. Raymond James & Associates raised its position in shares of Celestica by 79.7% in the second quarter. Raymond James & Associates now owns 108,930 shares of the technology company’s stock worth $6,245,000 after buying an additional 48,323 shares in the last quarter. Atria Wealth Solutions Inc. boosted its stake in Celestica by 12.2% during the second quarter. Atria Wealth Solutions Inc. now owns 15,589 shares of the technology company’s stock valued at $893,000 after buying an additional 1,689 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Celestica during the second quarter worth about $5,567,000. Finally, Whittier Trust Co. bought a new position in Celestica in the 2nd quarter worth about $416,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

NYSE CLS opened at $92.11 on Thursday. The company has a 50-day simple moving average of $78.39 and a two-hundred day simple moving average of $61.71. Celestica Inc. has a 12-month low of $26.62 and a 12-month high of $100.51. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 29.24 and a beta of 2.27. 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 (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.11. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. Celestica’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.65 EPS. On average, equities analysts forecast that Celestica Inc. will post 3.44 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on CLS shares. TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. 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 target price for the company. TD Securities increased their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada upped their target price on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.18.

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.