Celestica Inc. (NYSE:CLS) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 18.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,230 shares of the technology company’s stock after buying an additional 7,670 shares during the quarter. Sei Investments Co.’s holdings in Celestica were worth $2,765,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Elite Wealth Management Inc. grew its position in Celestica by 261.9% in the second quarter. Elite Wealth Management Inc. now owns 201,452 shares of the technology company’s stock valued at $11,549,000 after acquiring an additional 145,790 shares in the last quarter. Trust Investment Advisors purchased a new position in shares of Celestica in the second quarter valued at $1,390,000. Mark Sheptoff Financial Planning LLC acquired a new stake in Celestica during the 2nd quarter valued at $1,178,000. New Age Alpha Advisors LLC purchased a new stake in Celestica during the 2nd quarter worth $573,000. Finally, Seven Eight Capital LP lifted its holdings in Celestica by 23.4% in the 2nd quarter. Seven Eight Capital LP now owns 51,042 shares of the technology company’s stock worth $2,926,000 after buying an additional 9,690 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Trading Up 2.2 %

Celestica stock opened at $51.47 on Friday. 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 Inc. has a 1 year low of $20.87 and a 1 year high of $63.49. The firm’s 50-day moving average is $49.29 and its 200-day moving average is $50.81. The company has a market cap of $6.11 billion, a P/E ratio of 19.21 and a beta of 2.29.

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

Analyst Upgrades and Downgrades

CLS has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, July 22nd. CIBC upped their target price on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Canaccord Genuity Group lifted their price target on shares of Celestica from $53.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Stifel Nicolaus raised shares of Celestica from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Monday, September 9th. Finally, BMO Capital Markets raised their price objective on shares of Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

Celestica Company 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.