Celestica, Inc. $CLS Stock Position Increased by Spark Investment Management LLC

Spark Investment Management LLC grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,000 shares of the technology company’s stock after purchasing an additional 3,000 shares during the period. Celestica makes up approximately 9.8% of Spark Investment Management LLC’s investment portfolio, making the stock its 3rd biggest position. Spark Investment Management LLC’s holdings in Celestica were worth $3,596,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company’s stock valued at $356,135,000 after buying an additional 35,690 shares in the last quarter. Voya Investment Management LLC raised its stake in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after purchasing an additional 1,453,473 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in Celestica by 17.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after purchasing an additional 259,504 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company’s stock worth $100,922,000 after buying an additional 19,391 shares in the last quarter. Finally, Alkeon Capital Management LLC bought a new stake in shares of Celestica in the 1st quarter worth about $96,936,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction dated Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the transaction, the director owned 6,000 shares in the company, valued at $2,050,020. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CLS shares. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and increased their price target for the company from $212.00 to $375.00 in a report on Monday, November 10th. CICC Research assumed coverage on Celestica in a research note on Tuesday, August 19th. They issued an “outperform” rating for the company. Canaccord Genuity Group boosted 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. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Stock Performance

Shares of Celestica stock opened at $300.53 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $280.05 and its two-hundred day moving average is $200.73. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a market capitalization of $34.56 billion, a PE ratio of 48.79 and a beta of 1.85.

Celestica (NYSE:CLS) (TSE:CLS) last issued 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 firm had revenue of $3.19 billion during 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%. The business’s revenue was up 27.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 earnings per share. As a group, 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.