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

Westfield Capital Management Co. LP grew its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 66.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 256,447 shares of the technology company’s stock after purchasing an additional 102,041 shares during the quarter. Westfield Capital Management Co. LP owned approximately 0.22% of Celestica worth $40,034,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In related news, Director Laurette T. Koellner bought 6,000 shares of Celestica stock in a transaction that occurred on Thursday, October 30th. The stock was purchased at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They issued an “outperform” rating for the company. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Saturday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group lifted their price objective on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, BMO Capital Markets set a $370.00 price objective on shares of Celestica and gave the company an “outperform” rating in a report on Wednesday, October 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Stock Performance

Shares of CLS stock opened at $281.66 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.86 and a current ratio of 1.47. The company has a market capitalization of $32.39 billion, a P/E ratio of 45.72 and a beta of 1.85. The company’s 50 day moving average price is $281.96 and its two-hundred day moving average price is $202.07. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40.

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. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, analysts expect that Celestica, Inc. will post 4.35 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.