Broad Peak Investment Advisers Pte Ltd Has $26.80 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

Broad Peak Investment Advisers Pte Ltd grew its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 524,245 shares of the technology company’s stock after purchasing an additional 183,300 shares during the period. Celestica comprises approximately 8.2% of Broad Peak Investment Advisers Pte Ltd’s investment portfolio, making the stock its 7th biggest holding. Broad Peak Investment Advisers Pte Ltd owned approximately 0.44% of Celestica worth $26,799,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in Celestica during the first quarter valued at approximately $226,000. Swiss National Bank grew its stake in shares of Celestica by 0.6% in the first quarter. Swiss National Bank now owns 238,000 shares of the technology company’s stock valued at $10,690,000 after buying an additional 1,500 shares in the last quarter. Sei Investments Co. increased its holdings in Celestica by 117.8% during the first quarter. Sei Investments Co. now owns 40,560 shares of the technology company’s stock worth $1,823,000 after buying an additional 21,940 shares during the last quarter. Avantax Advisory Services Inc. bought a new stake in Celestica during the first quarter worth $313,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Celestica in the first quarter valued at $315,000. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 2.4 %

CLS stock opened at $82.05 on Thursday. The firm has a 50-day moving average price of $59.12 and a 200-day moving average price of $55.29. Celestica Inc. has a 12 month low of $25.83 and a 12 month high of $87.99. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $9.73 billion, a P/E ratio of 26.05 and a beta of 2.24.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.93 by $0.11. The business had revenue of $2.50 billion during 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 firm’s revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.65 EPS. As a group, equities research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CLS shares. BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. CIBC lifted their target price on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. TD Cowen boosted their target price on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Canaccord Genuity Group upped their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $69.10.

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.