Robeco Institutional Asset Management B.V. Has $8.57 Million Holdings in Celestica, Inc. $CLS

Robeco Institutional Asset Management B.V. grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 20.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,769 shares of the technology company’s stock after acquiring an additional 5,909 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Celestica were worth $8,566,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of CLS. Daymark Wealth Partners LLC acquired a new stake in Celestica in the 3rd quarter valued at $226,000. Five Oceans Advisors bought a new position in shares of Celestica in the third quarter valued at $272,000. Asset Management One Co. Ltd. acquired a new position in shares of Celestica during the third quarter valued at about $5,406,000. Signaturefd LLC increased its position in shares of Celestica by 12.7% during the third quarter. Signaturefd LLC now owns 4,573 shares of the technology company’s stock worth $1,127,000 after acquiring an additional 515 shares in the last quarter. Finally, Suncoast Equity Management raised its holdings in shares of Celestica by 2.4% in the 3rd quarter. Suncoast Equity Management now owns 7,605 shares of the technology company’s stock worth $1,873,000 after acquiring an additional 175 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner purchased 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CLS shares. Royal Bank Of Canada lifted their price target on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Stifel Nicolaus restated a “buy” rating and issued a $385.00 target price (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. BMO Capital Markets set a $370.00 price target on Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Citigroup raised Celestica from a “neutral” rating to a “buy” rating and increased their price target for the company from $212.00 to $375.00 in a research report on Monday, November 10th. Finally, Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Stock Up 4.7%

CLS stock opened at $302.03 on Friday. The stock’s fifty day simple moving average is $313.60 and its two-hundred day simple moving average is $250.29. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The stock has a market cap of $34.75 billion, a P/E ratio of 49.03 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last released its earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The company had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.04 EPS. Analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.