Westover Capital Advisors LLC Has $3.59 Million Holdings in Celestica, Inc. (NYSE:CLS)

Key Points

• Westover Capital Advisors LLC increased its stake in Celestica, Inc. by 14.4%, owning 45,498 shares valued at approximately $3.6 million by the end of the recent quarter.
• Analyst ratings for Celestica show a consensus of "Moderate Buy", with a current average price target of $125.83, following various adjustments in price objectives from firms such as JPMorgan and Argus.
• Celestica reported a 19.9% growth in revenue year-over-year, achieving an EPS of $1.20, exceeding expectations, and demonstrating strong financial performance amid market fluctuations.

Westover Capital Advisors LLC increased its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 14.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,498 shares of the technology company's stock after purchasing an additional 5,724 shares during the period. Westover Capital Advisors LLC's holdings in Celestica were worth $3,586,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. FMR LLC boosted its holdings in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after acquiring an additional 5,574,342 shares during the period. FIL Ltd boosted its holdings in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after acquiring an additional 3,406,723 shares during the period. Norges Bank bought a new stake in Celestica during the fourth quarter valued at about $139,008,000. Polar Capital Holdings Plc boosted its holdings in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after acquiring an additional 1,433,681 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after acquiring an additional 1,401,877 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on CLS. Barclays restated an "overweight" rating and set a $146.00 price target (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Argus dropped their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their price target on shares of Celestica from $115.00 to $170.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Three equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $125.83.

Celestica Stock Performance

Shares of Celestica stock traded up $26.19 during trading on Tuesday, hitting $199.56. 9,019,133 shares of the stock were exchanged, compared to its average volume of 4,396,381. The stock has a market capitalization of $22.95 billion, a price-to-earnings ratio of 55.44 and a beta of 1.81. The company has a fifty day moving average price of $141.07 and a 200-day moving average price of $114.10. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $208.66. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

Celestica Company 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.