154,406 Shares in Celestica, Inc. (NYSE:CLS) Purchased by Westfield Capital Management Co. LP

Key Points

• Westfield Capital Management Co. LP acquired 154,406 shares of Celestica, Inc. worth approximately $12.17 million, representing about 0.13% ownership in the company as of the end of the last quarter.
• Several other institutional investors have also recently invested in Celestica, with 67.38% of the stock now owned by institutional players.
• Analysts have varied opinions on Celestica, with price targets ranging from $120 to $225, indicating strong buy recommendations from multiple firms.

Westfield Capital Management Co. LP acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 154,406 shares of the technology company's stock, valued at approximately $12,169,000. Westfield Capital Management Co. LP owned approximately 0.13% of Celestica as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also made changes to their positions in CLS. Bank of Nova Scotia lifted its position in shares of Celestica by 4,222.5% during the 1st quarter. Bank of Nova Scotia now owns 172,036 shares of the technology company's stock valued at $13,573,000 after buying an additional 168,056 shares in the last quarter. R Squared Ltd raised its holdings in Celestica by 438.2% during the 1st quarter. R Squared Ltd now owns 2,960 shares of the technology company's stock valued at $233,000 after buying an additional 2,410 shares during the period. Andar Capital Management HK Ltd purchased a new stake in Celestica in the first quarter worth $2,837,000. Cumberland Partners Ltd grew its position in shares of Celestica by 43.4% during the 1st quarter. Cumberland Partners Ltd now owns 5,450 shares of the technology company's stock worth $430,000 after buying an additional 1,650 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Celestica during the first quarter valued at $1,372,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

CLS traded up $2.30 during trading hours on Thursday, hitting $200.93. The company's stock had a trading volume of 3,045,609 shares, compared to its average volume of 4,135,181. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $214.47. The firm has a market capitalization of $23.11 billion, a PE ratio of 43.49 and a beta of 1.80. The company has a 50-day simple moving average of $154.25 and a 200 day simple moving average of $119.07. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent analyst reports. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price target (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Argus reduced their price target on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. UBS Group restated a "neutral" rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Royal Bank Of Canada boosted their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus price target of $168.92.

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.