Asset Management One Co. Ltd. Invests $5.41 Million in Celestica, Inc. $CLS

Asset Management One Co. Ltd. acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 21,945 shares of the technology company’s stock, valued at approximately $5,406,000.

Other hedge funds also recently made changes to their positions in the company. Amundi increased its stake in Celestica by 182,325.0% in the first quarter. Amundi now owns 51,079 shares of the technology company’s stock valued at $4,026,000 after acquiring an additional 51,051 shares during the last quarter. UniSuper Management Pty Ltd purchased a new position in shares of Celestica in the 1st quarter worth about $197,000. Dynamic Technology Lab Private Ltd increased its position in shares of Celestica by 32.0% during the 1st quarter. Dynamic Technology Lab Private Ltd now owns 6,280 shares of the technology company’s stock valued at $495,000 after purchasing an additional 1,521 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company’s stock valued at $1,930,000 after purchasing an additional 22,452 shares during the last quarter. Finally, Arete Wealth Advisors LLC purchased a new position in shares of Celestica during the 1st quarter valued at about $217,000. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CLS has been the subject of several research reports. TD Cowen reaffirmed a “hold” rating and issued a $238.00 target price on shares of Celestica in a research note on Friday, October 3rd. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. CIBC lifted their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 29th. Finally, Barclays boosted their price target on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research note on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $336.13.

Insider Activity

In other Celestica news, Director Laurette T. Koellner purchased 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The shares were bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by insiders.

Celestica Stock Down 5.6%

Shares of NYSE CLS opened at $288.64 on Friday. The company has a market cap of $33.20 billion, a price-to-earnings ratio of 46.86 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm’s fifty day moving average is $314.45 and its 200 day moving average is $249.14. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter last year, the firm earned $1.04 EPS. The company’s revenue was up 27.8% on a year-over-year basis. On average, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.