Celestica Inc. (NYSE:CLS) Shares Bought by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 25.8% during the third quarter, HoldingsChannel.com reports. The firm owned 536,249 shares of the technology company’s stock after purchasing an additional 109,972 shares during the period. Westfield Capital Management Co. LP’s holdings in Celestica were worth $27,413,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its position in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after buying an additional 64,658 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica during the 3rd quarter worth approximately $61,210,000. Dimensional Fund Advisors LP grew its holdings in shares of Celestica by 4.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,186,543 shares of the technology company’s stock worth $68,024,000 after acquiring an additional 52,807 shares during the period. Driehaus Capital Management LLC increased its stake in Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after purchasing an additional 1,158,823 shares in the last quarter. Finally, Bank of Montreal Can raised its holdings in Celestica by 0.8% during the second quarter. Bank of Montreal Can now owns 1,150,806 shares of the technology company’s stock worth $68,470,000 after purchasing an additional 9,462 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the topic of several recent research reports. TD Securities boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. UBS Group initiated coverage on Celestica in a report on Friday. They issued a “neutral” rating and a $95.00 price target for the company. TD Cowen increased their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Finally, Royal Bank of Canada raised their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $71.45.

Celestica Price Performance

CLS opened at $89.16 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $10.37 billion, a PE ratio of 28.30 and a beta of 2.24. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $93.15. The company’s 50 day simple moving average is $64.95 and its 200 day simple moving average is $57.29.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.65 EPS. As a group, sell-side analysts expect that Celestica Inc. will post 3.44 EPS for the current 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.