Neumeier Poma Investment Counsel LLC Acquires 28,569 Shares of Celestica, Inc. (NYSE:CLS)

Key Points

• Neumeier Poma Investment Counsel LLC increased its stake in Celestica, Inc. by 9.3%, acquiring an additional 28,569 shares during the first quarter, bringing its total holdings to 334,829 shares.
• A number of institutional investors have also significantly increased their positions in Celestica, with Vanguard Group Inc. and Invesco Ltd. raising their holdings by 0.8% and 20.2%, respectively, during recent quarters.
• Equities analysts are bullish on Celestica, with several upgrading their ratings; the consensus now leans towards a "buy" rating and an average target price of $168.92 for the stock.

Neumeier Poma Investment Counsel LLC raised its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 9.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 334,829 shares of the technology company's stock after purchasing an additional 28,569 shares during the quarter. Celestica accounts for approximately 2.8% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 12th largest position. Neumeier Poma Investment Counsel LLC owned about 0.29% of Celestica worth $26,388,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLS. Vanguard Group Inc. boosted its holdings in Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after acquiring an additional 35,690 shares during the last quarter. Invesco Ltd. boosted its holdings in Celestica by 20.2% during the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after acquiring an additional 494,542 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Celestica by 49.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after acquiring an additional 719,805 shares during the last quarter. Polar Capital Holdings Plc boosted its holdings in Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after acquiring an additional 1,433,681 shares during the last quarter. Finally, Capital World Investors boosted its holdings in Celestica by 40.3% during the 4th quarter. Capital World Investors now owns 1,313,420 shares of the technology company's stock worth $121,229,000 after acquiring an additional 377,246 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Royal Bank Of Canada boosted their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Celestica presently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Price Performance

NYSE CLS opened at $198.89 on Thursday. The company has a market cap of $22.87 billion, a PE ratio of 43.05 and a beta of 1.80. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $214.47. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm's 50-day simple moving average is $152.56 and its two-hundred day simple moving average is $118.47.

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.

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