Celestica Inc. (NYSE:CLS) Shares Bought by Bay Rivers Group

Bay Rivers Group grew its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 4.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 20,338 shares of the technology company’s stock after buying an additional 821 shares during the period. Bay Rivers Group’s holdings in Celestica were worth $1,040,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CLS. Vanguard Group Inc. boosted its position in Celestica by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock valued at $124,924,000 after buying an additional 562,157 shares during the last quarter. Hartline Investment Corp purchased a new position in shares of Celestica during the first quarter worth $494,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Celestica during the first quarter valued at $1,231,000. BNP Paribas Financial Markets raised its stake in shares of Celestica by 62.9% during the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock valued at $24,548,000 after buying an additional 210,943 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in Celestica by 6.9% during the first quarter. Janney Montgomery Scott LLC now owns 101,272 shares of the technology company’s stock valued at $4,551,000 after acquiring an additional 6,523 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CLS shares. Stifel Nicolaus raised their price objective on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Canaccord Genuity Group boosted 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. CIBC raised their price target on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. TD Securities upped their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $66.67.

Celestica Stock Down 0.7 %

CLS traded down $0.48 on Tuesday, reaching $69.82. The company’s stock had a trading volume of 1,115,824 shares, compared to its average volume of 2,269,428. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a fifty-two week low of $21.89 and a fifty-two week high of $70.72. The stock has a 50 day moving average of $52.74 and a two-hundred day moving average of $52.52. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 26.15 and a beta of 2.28.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.11. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company had revenue of $2.50 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Celestica’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, analysts forecast that Celestica Inc. will post 3.22 EPS for the current fiscal year.

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.