Celestica Inc. (NYSE:CLS) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,704,369 shares of the technology company's stock after buying an additional 47,619 shares during the quarter. Vanguard Group Inc. owned approximately 3.10% of Celestica worth $90,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLS. Clearstead Advisors LLC purchased a new stake in shares of Celestica in the 3rd quarter worth about $32,000. Financial Management Professionals Inc. purchased a new stake in Celestica during the 3rd quarter valued at about $34,000. Advisor Group Holdings Inc. grew its position in Celestica by 2,775.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 3,911 shares of the technology company's stock valued at $44,000 after purchasing an additional 3,775 shares during the last quarter. UniSuper Management Pty Ltd purchased a new stake in Celestica during the 2nd quarter valued at about $56,000. Finally, Covestor Ltd purchased a new stake in Celestica during the 3rd quarter valued at about $68,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE CLS traded up $1.32 on Friday, reaching $49.39. 1,824,381 shares of the stock were exchanged, compared to its average volume of 2,016,304. Celestica Inc. has a one year low of $10.50 and a one year high of $51.12. The firm has a market capitalization of $5.89 billion, a PE ratio of 24.33 and a beta of 2.22. The company's 50-day simple moving average is $42.21 and its two-hundred day simple moving average is $32.27. The company has a current ratio of 1.40, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, January 29th. The technology company reported $0.76 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.08. Celestica had a net margin of 3.07% and a return on equity of 17.09%. The company had revenue of $2.14 billion for the quarter, compared to analysts' expectations of $2.08 billion. Analysts expect that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. Royal Bank of Canada increased their price objective on shares of Celestica from $33.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, January 31st. TD Securities raised their price target on shares of Celestica from $33.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. StockNews.com downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Wednesday, February 28th. BMO Capital Markets raised their price target on shares of Celestica from $32.00 to $37.00 and gave the company an "outperform" rating in a report on Wednesday, January 31st. Finally, Canaccord Genuity Group raised their price target on shares of Celestica from $32.50 to $38.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $33.88.

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.