Sanctuary Advisors LLC Increases Stock Position in Celestica Inc. (NYSE:CLS)

Sanctuary Advisors LLC grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 10.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,228 shares of the technology company’s stock after purchasing an additional 3,902 shares during the quarter. Sanctuary Advisors LLC’s holdings in Celestica were worth $2,108,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica during the 3rd quarter worth $61,210,000. Driehaus Capital Management LLC raised its holdings in shares of Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after buying an additional 1,158,823 shares during the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after buying an additional 975,163 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares during the period. Finally, Natixis Advisors LLC grew its holdings in shares of Celestica by 1,697.3% during the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after buying an additional 220,494 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE:CLS opened at $92.11 on Thursday. Celestica Inc. has a 12 month low of $26.62 and a 12 month high of $100.51. The firm has a market capitalization of $10.72 billion, a price-to-earnings ratio of 29.24 and a beta of 2.27. The business’s 50 day simple moving average is $78.39 and its 200-day simple moving average is $61.71. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same period in the previous year, the business earned $0.65 earnings per share. Celestica’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

Analyst Ratings Changes

CLS has been the subject of several analyst reports. Barclays began coverage on Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective for the company. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. Royal Bank of Canada lifted their price objective on shares of Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. BMO Capital Markets upped their price objective on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $74.18.

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.