Robeco Schweiz AG Acquires 3,800 Shares of Celestica, Inc. $CLS

Robeco Schweiz AG increased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 76.0% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,800 shares of the technology company’s stock after purchasing an additional 3,800 shares during the period. Robeco Schweiz AG’s holdings in Celestica were worth $3,181,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID raised its position in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after purchasing an additional 28 shares during the period. Capital Planning LLC lifted its stake in Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after purchasing an additional 32 shares during the last quarter. PCB Capital LLC lifted its stake in Celestica by 3.5% in the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock worth $280,000 after purchasing an additional 34 shares during the last quarter. Riverbend Wealth Management LLC boosted its position in Celestica by 4.8% during the third quarter. Riverbend Wealth Management LLC now owns 745 shares of the technology company’s stock valued at $269,000 after buying an additional 34 shares during the period. Finally, XML Financial LLC boosted its position in Celestica by 1.5% during the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after buying an additional 40 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insider Activity

In other news, CEO Robert Mionis sold 23,396 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Todd Cooper sold 20,118 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the completion of the sale, the president directly owned 73,252 shares in the company, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 243,067 shares of company stock worth $89,200,967. Corporate insiders own 1.10% of the company’s stock.

Celestica Trading Up 0.0%

Shares of CLS opened at $260.11 on Monday. The firm’s 50-day moving average price is $328.54 and its 200-day moving average price is $350.79. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $29.91 billion, a price-to-earnings ratio of 27.04 and a beta of 2.01. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02.

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

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent research reports. Barclays reduced their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Bank of America reissued a “buy” rating on shares of Celestica in a research note on Wednesday, July 29th. Sanford C. Bernstein restated an “outperform” rating on shares of Celestica in a report on Thursday, October 15th. Finally, Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. Twenty-four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $448.30.

About Celestica

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.