Vident Advisory LLC Raises Stock Position in Celestica Inc. (NYSE:CLS)

Vident Advisory LLC increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 87,090 shares of the technology company’s stock after acquiring an additional 14,870 shares during the quarter. Vident Advisory LLC owned approximately 0.07% of Celestica worth $3,915,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Oliver Luxxe Assets LLC acquired a new stake in Celestica during the 1st quarter worth $3,248,000. Dimensional Fund Advisors LP boosted its stake in Celestica by 12.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,314,600 shares of the technology company’s stock worth $38,491,000 after purchasing an additional 147,417 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Celestica by 62.9% during the 1st quarter. BNP Paribas Financial Markets now owns 546,230 shares of the technology company’s stock worth $24,548,000 after purchasing an additional 210,943 shares during the last quarter. AJOVista LLC acquired a new stake in Celestica during the 4th quarter worth $123,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Celestica during the 1st quarter worth $1,231,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 4.5 %

NYSE CLS traded up $2.32 during trading hours on Friday, reaching $53.39. The company had a trading volume of 1,139,391 shares, compared to its average volume of 2,272,542. The stock has a 50-day moving average of $56.59 and a 200 day moving average of $46.63. Celestica Inc. has a 1-year low of $17.73 and a 1-year high of $63.49. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $6.34 billion, a P/E ratio of 19.76 and a beta of 2.31.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.10. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 20.14%. Celestica’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 earnings per share. As a group, research analysts anticipate that Celestica Inc. will post 2.88 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Fox Advisors assumed coverage on shares of Celestica in a research note on Wednesday, May 15th. They set an “overweight” rating and a $60.00 target price on the stock. Canaccord Genuity Group lifted their target price on shares of Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. 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. Stifel Nicolaus boosted their price target on shares of Celestica from $51.00 to $58.00 and gave the company a “hold” rating in a research report on Friday. Finally, Royal Bank of Canada boosted their price target on shares of Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $54.44.

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.