Westfield Capital Management Co. LP Has $40.03 Million Stock Position in Celestica, Inc. $CLS

Westfield Capital Management Co. LP raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 66.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 256,447 shares of the technology company’s stock after acquiring an additional 102,041 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Celestica were worth $40,034,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Golden State Wealth Management LLC boosted its holdings in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. ST Germain D J Co. Inc. acquired a new stake in Celestica in the 2nd quarter valued at $37,000. First Horizon Advisors Inc. lifted its position in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after buying an additional 87 shares in the last quarter. Wolff Wiese Magana LLC lifted its position in Celestica by 45.6% during the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after buying an additional 114 shares in the last quarter. Finally, Rothschild Investment LLC boosted its stake in shares of Celestica by 20.0% during the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after buying an additional 65 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner bought 6,000 shares of the business’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director owned 6,000 shares in the company, valued at $2,050,020. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of recent research reports. CIBC lifted their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. BMO Capital Markets set a $370.00 price target on Celestica and gave the company an “outperform” rating in a research note on Wednesday, October 29th. UBS Group upped their price objective on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. BNP Paribas reissued an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. Finally, TD Securities boosted their target price on shares of Celestica from $238.00 to $305.00 and gave the stock a “hold” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Stock Performance

CLS opened at $281.66 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The business has a 50 day moving average of $281.96 and a 200-day moving average of $202.07. The stock has a market cap of $32.39 billion, a price-to-earnings ratio of 45.72 and a beta of 1.85.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the firm earned $1.04 EPS. The firm’s revenue was up 27.8% compared to the same quarter last year. On average, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current 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.