Celestica Inc. (NYSE:CLS) Shares Acquired by Broad Peak Investment Advisers Pte Ltd

Broad Peak Investment Advisers Pte Ltd boosted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 524,245 shares of the technology company’s stock after buying an additional 183,300 shares during the quarter. Celestica comprises approximately 8.2% of Broad Peak Investment Advisers Pte Ltd’s investment portfolio, making the stock its 7th largest holding. Broad Peak Investment Advisers Pte Ltd’s holdings in Celestica were worth $26,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CLS. Optimum Investment Advisors lifted its holdings in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Celestica during the 3rd quarter valued at about $30,000. UMB Bank n.a. acquired a new stake in Celestica during the third quarter worth approximately $34,000. Wolff Wiese Magana LLC lifted its stake in Celestica by 32.1% in the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock valued at $40,000 after buying an additional 170 shares during the period. Finally, Naples Money Management LLC boosted its holdings in shares of Celestica by 90.0% during the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after buying an additional 450 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE:CLS opened at $82.05 on Thursday. 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 cap of $9.73 billion, a PE ratio of 26.05 and a beta of 2.24. The stock’s fifty day simple moving average is $59.12 and its two-hundred day simple moving average is $55.29. Celestica Inc. has a 1-year low of $25.83 and a 1-year high of $87.99.

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Stifel Nicolaus upped their price objective on shares of Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their target price on Celestica from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen increased their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Finally, CIBC boosted their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.10.

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.