Oliver Luxxe Assets LLC Purchases Shares of 89,268 Celestica Inc. (NYSE:CLS)

Oliver Luxxe Assets LLC bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 89,268 shares of the technology company’s stock, valued at approximately $4,566,000.

Several other institutional investors have also recently made changes to their positions in CLS. Price T Rowe Associates Inc. MD raised its position in shares of Celestica by 2,494.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock worth $391,147,000 after acquiring an additional 8,368,293 shares in the last quarter. Driehaus Capital Management LLC raised its position in shares of Celestica by 19,876.9% in the 2nd quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock worth $66,770,000 after acquiring an additional 1,158,823 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Celestica by 15.2% in the 4th quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock worth $124,924,000 after acquiring an additional 562,157 shares in the last quarter. Principal Financial Group Inc. bought a new position in shares of Celestica in the 1st quarter worth approximately $22,669,000. Finally, Broad Peak Investment Holdings Ltd. purchased a new stake in shares of Celestica in the 1st quarter worth approximately $10,096,000. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of Celestica stock opened at $63.06 on Monday. Celestica Inc. has a one year low of $20.87 and a one year high of $63.85. The stock’s fifty day moving average is $50.21 and its 200 day moving average is $51.41. The stock has a market cap of $7.49 billion, a P/E ratio of 23.53 and a beta of 2.28. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.86 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company had revenue of $2.39 billion for the quarter, compared to analysts’ expectations of $2.25 billion. During the same period last year, the firm earned $0.55 EPS. Celestica’s revenue for the quarter was up 23.3% compared to the same quarter last year. Sell-side analysts anticipate that Celestica Inc. will post 3.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent research reports. BMO Capital Markets upped their price target on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research note on Monday, June 17th. Canaccord Genuity Group upped their price target on Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. CIBC upped their price target on Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Stifel Nicolaus upgraded Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a research note on Monday, September 9th. Finally, StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $61.88.

About Celestica

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.