Celestica, Inc. $CLS Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 406.3% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,606 shares of the technology company’s stock after buying an additional 42,215 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Celestica were worth $8,212,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CLS. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Celestica by 66.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 7,334 shares of the technology company’s stock valued at $578,000 after acquiring an additional 2,941 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Celestica by 4.9% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 20,557 shares of the technology company’s stock valued at $1,621,000 after acquiring an additional 964 shares during the last quarter. Spire Wealth Management increased its holdings in shares of Celestica by 29.3% in the 1st quarter. Spire Wealth Management now owns 2,651 shares of the technology company’s stock valued at $209,000 after acquiring an additional 600 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in shares of Celestica in the 1st quarter valued at approximately $1,001,000. Finally, DAVENPORT & Co LLC increased its holdings in shares of Celestica by 43.5% in the 1st quarter. DAVENPORT & Co LLC now owns 5,314 shares of the technology company’s stock valued at $419,000 after acquiring an additional 1,611 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Up 5.0%

CLS opened at $296.76 on Monday. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $300.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock has a market cap of $34.14 billion, a P/E ratio of 64.23 and a beta of 1.88. The stock’s 50 day moving average price is $238.39 and its 200 day moving average price is $170.99.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm’s quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the company posted $0.91 EPS. As a group, research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research analyst reports. CIBC boosted their price target on Celestica from $245.00 to $315.00 and gave the company an “outperform” rating in a report on Monday, October 20th. TD Securities lowered Celestica from a “buy” rating to a “hold” rating and upped their target price for the company from $130.00 to $238.00 in a report on Friday, October 3rd. BNP Paribas reiterated an “outperform” rating and set a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Royal Bank Of Canada increased their price target on Celestica from $225.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Canaccord Genuity Group increased their price target on Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average target price of $249.36.

About Celestica

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.