Celestica, Inc. $CLS Stake Boosted by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ lifted its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 40.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,700 shares of the technology company’s stock after acquiring an additional 4,800 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Celestica were worth $2,601,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CLS. Norges Bank acquired a new stake in Celestica during the second quarter valued at $236,069,000. Quadrature Capital Ltd purchased a new stake in shares of Celestica during the 2nd quarter worth about $52,682,000. Scotia Capital Inc. lifted its holdings in shares of Celestica by 45.4% during the 2nd quarter. Scotia Capital Inc. now owns 34,125 shares of the technology company’s stock valued at $5,327,000 after buying an additional 10,652 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of Celestica by 5.6% during the 2nd quarter. Hsbc Holdings PLC now owns 25,088 shares of the technology company’s stock valued at $3,921,000 after buying an additional 1,332 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Celestica by 7,646.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after buying an additional 994 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Celestica

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. TD Cowen reaffirmed a “hold” rating and set a $238.00 price objective on shares of Celestica in a research report on Friday, October 3rd. Barclays increased 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. UBS Group lifted their price objective on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Finally, TD Securities increased their target price on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a research report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Celestica Price Performance

Shares of Celestica stock opened at $317.63 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.86 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $292.04 and a 200-day simple moving average of $214.41. The stock has a market capitalization of $36.53 billion, a price-to-earnings ratio of 51.56 and a beta of 1.85. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40.

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

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.