Celestica, Inc. $CLS Stock Acquired by Robeco Schweiz AG

Robeco Schweiz AG grew its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 76.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,800 shares of the technology company’s stock after acquiring an additional 3,800 shares during the period. Robeco Schweiz AG’s holdings in Celestica were worth $3,181,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Renaissance Technologies LLC purchased a new stake in shares of Celestica in the first quarter worth about $68,952,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Celestica in the third quarter valued at approximately $27,821,000. K.J. Harrison & Partners Inc bought a new position in shares of Celestica in the second quarter valued at approximately $1,092,000. Quantinno Capital Management LP boosted its position in shares of Celestica by 73.7% in the first quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after acquiring an additional 10,164 shares during the period. Finally, Ninepoint Partners LP purchased a new position in Celestica during the second quarter valued at approximately $2,880,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a report on Tuesday, July 28th. Bank of America reiterated a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a report on Friday. FBN Securities initiated coverage on shares of Celestica in a research report on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price target for the company. Finally, Wall Street Zen cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Twenty-four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $448.30.

Celestica Stock Up 0.0%

Shares of NYSE:CLS opened at $260.11 on Monday. The firm has a market capitalization of $29.91 billion, a PE ratio of 27.04 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.68 and a current ratio of 1.23. Celestica, Inc. has a 52-week low of $244.51 and a 52-week high of $474.02. The firm has a fifty day moving average of $328.54 and a 200 day moving average of $350.79.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, July 27th. The technology company reported $2.54 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.25. Celestica had a return on equity of 39.96% and a net margin of 7.16%. The business had revenue of $4.68 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter last year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 62.4% on a year-over-year basis. As a group, research analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $368.99, for a total transaction of $36,328,172.47. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer directly owned 65,444 shares in the company, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 243,067 shares of company stock worth $89,200,967. 1.10% of the stock is currently owned by corporate insiders.

Celestica Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.