136,040 Shares in Celestica Inc. (NYSE:CLS) Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 136,040 shares of the technology company’s stock, valued at approximately $6,962,000.

A number of other large investors have also added to or reduced their stakes in CLS. SG Americas Securities LLC grew its holdings in shares of Celestica by 276.6% in the second quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company’s stock valued at $1,086,000 after purchasing an additional 13,907 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in Celestica during the second quarter valued at $218,000. Blue Trust Inc. grew its stake in shares of Celestica by 422.8% in the 2nd quarter. Blue Trust Inc. now owns 7,314 shares of the technology company’s stock worth $419,000 after buying an additional 5,915 shares in the last quarter. Raymond James & Associates increased its holdings in shares of Celestica by 79.7% in the 2nd quarter. Raymond James & Associates now owns 108,930 shares of the technology company’s stock worth $6,245,000 after buying an additional 48,323 shares during the last quarter. Finally, Bay Rivers Group raised its position in shares of Celestica by 1.9% during the 2nd quarter. Bay Rivers Group now owns 19,517 shares of the technology company’s stock valued at $1,119,000 after buying an additional 370 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 9.0 %

CLS stock opened at $99.19 on Friday. Celestica Inc. has a 12 month low of $26.62 and a 12 month high of $99.34. The firm’s 50-day moving average is $76.65 and its 200 day moving average is $61.09. The company has a market capitalization of $11.54 billion, a PE ratio of 31.49 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Wednesday, October 23rd. The technology company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.11. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company posted $0.65 earnings per share. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, research analysts anticipate that Celestica Inc. will post 3.44 EPS for the current year.

Wall Street Analyst Weigh In

CLS has been the subject of several recent research reports. Barclays assumed coverage on Celestica in a research report on Tuesday, November 5th. They issued an “overweight” rating and a $91.00 price target for the company. Royal Bank of Canada lifted their target price on Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. TD Securities increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Finally, TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $74.18.

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.