NorthCrest Asset Manangement LLC Has $3.13 Million Holdings in Celestica, Inc. $CLS

NorthCrest Asset Manangement LLC raised its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 322.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,170 shares of the technology company’s stock after purchasing an additional 10,050 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Celestica were worth $3,132,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. boosted its holdings in shares of Celestica by 25.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock worth $286,184,000 after buying an additional 375,910 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Celestica by 17.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after purchasing an additional 259,504 shares in the last quarter. Norges Bank bought a new stake in Celestica during the second quarter valued at $236,069,000. Geode Capital Management LLC boosted its position in shares of Celestica by 27.6% during the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock valued at $153,449,000 after acquiring an additional 208,249 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Celestica by 2.5% during the second quarter. The Manufacturers Life Insurance Company now owns 925,301 shares of the technology company’s stock worth $143,904,000 after purchasing an additional 22,280 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays raised their price target on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. UBS Group lifted their target price on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. New Street Research set a $400.00 target price on shares of Celestica in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Price Performance

Celestica stock opened at $313.52 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The company has a market capitalization of $36.07 billion, a price-to-earnings ratio of 50.90 and a beta of 1.87. The company’s 50 day simple moving average is $310.52 and its 200-day simple moving average is $258.58. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

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

Insider Activity

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

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.