Robeco Institutional Asset Management B.V. Purchases 5,909 Shares of Celestica, Inc. $CLS

Robeco Institutional Asset Management B.V. grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 20.5% during the third quarter, Holdings Channel reports. The institutional investor owned 34,769 shares of the technology company’s stock after purchasing an additional 5,909 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Celestica were worth $8,566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in Celestica during the second quarter valued at about $236,069,000. Voya Investment Management LLC raised its position in shares of Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after purchasing an additional 1,453,473 shares during the period. SRS Investment Management LLC purchased a new stake in shares of Celestica during the 2nd quarter valued at approximately $135,289,000. Picton Mahoney Asset Management purchased a new stake in shares of Celestica during the 2nd quarter valued at approximately $90,425,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the 2nd quarter worth approximately $75,691,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In related news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the transaction, the director directly owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.52% of the stock is currently owned by insiders.

Celestica Price Performance

NYSE:CLS opened at $302.03 on Friday. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The stock has a fifty day moving average of $313.60 and a 200 day moving average of $250.29. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The firm has a market capitalization of $34.75 billion, a price-to-earnings ratio of 49.03 and a beta of 1.87.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on CLS. Stifel Nicolaus reissued a “buy” rating and set a $385.00 target price (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. BMO Capital Markets set a $370.00 price objective on Celestica and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Citigroup raised Celestica from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $212.00 to $375.00 in a report on Monday, November 10th. BNP Paribas restated an “outperform” rating and issued a $300.00 target price on shares of Celestica in a research note on Thursday, September 25th. Finally, Barclays lifted their target price on Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a report on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.