XTX Topco Ltd Boosts Stock Position in Celestica, Inc. (NYSE:CLS)

Key Points

• XTX Topco Ltd increased its stake in Celestica, Inc. by 31.9% in Q1, owning 5,180 shares worth $408,000 after acquiring an additional 1,254 shares.
• Institutional interest in Celestica has grown, with multiple hedge funds increasing their stakes significantly, leading to over 67% of the stock being held by institutional investors.
• Celestica's stock recently opened at $208.02 and has experienced fluctuations with a 52-week low of $40.65 and a high of $214.47.

XTX Topco Ltd increased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 31.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,180 shares of the technology company's stock after acquiring an additional 1,254 shares during the period. XTX Topco Ltd's holdings in Celestica were worth $408,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. CoreCap Advisors LLC grew its holdings in Celestica by 5.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after purchasing an additional 90 shares during the period. First National Bank of Hutchinson boosted its stake in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after acquiring an additional 120 shares during the last quarter. Private Trust Co. NA boosted its stake in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the last quarter. Csenge Advisory Group boosted its stake in shares of Celestica by 7.1% in the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after acquiring an additional 171 shares during the last quarter. Finally, Bay Rivers Group boosted its stake in shares of Celestica by 1.1% in the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after acquiring an additional 215 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Argus lowered their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Barclays boosted their price objective on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group lifted their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Citigroup lifted their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, UBS Group restated a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $168.92.

Celestica Stock Up 4.4%

Shares of NYSE:CLS traded up $8.94 on Tuesday, hitting $213.54. 2,476,171 shares of the company's stock were exchanged, compared to its average volume of 4,384,641. The company has a market capitalization of $24.56 billion, a PE ratio of 46.22 and a beta of 1.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 1-year low of $40.65 and a 1-year high of $214.47. The firm's 50-day moving average is $157.87 and its 200 day moving average is $120.23.

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.