Janus Henderson Group PLC Increases Position in Celestica Inc. (NYSE:CLS)

Janus Henderson Group PLC lifted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 10.5% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,467 shares of the technology company’s stock after buying an additional 3,545 shares during the period. Janus Henderson Group PLC’s holdings in Celestica were worth $1,919,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares during the last quarter. Truist Financial Corp lifted its stake in Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after purchasing an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after purchasing an additional 275 shares during the last quarter. Creative Planning lifted its stake in Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after purchasing an additional 336 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after purchasing an additional 338 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CLS. TD Securities upped their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Barclays initiated coverage on shares of Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 target price on the stock. Finally, UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average target price of $74.18.

Celestica Trading Up 1.1 %

Celestica stock opened at $90.99 on Friday. The stock has a market cap of $10.59 billion, a P/E ratio of 28.89 and a beta of 2.27. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $96.00. The firm’s fifty day moving average price is $75.75 and its 200-day moving average price is $60.81. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.11. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

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.