Celestica, Inc. (NYSE:CLS) Shares Purchased by Bank of Nova Scotia

Bank of Nova Scotia increased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4,222.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,036 shares of the technology company’s stock after acquiring an additional 168,056 shares during the quarter. Bank of Nova Scotia owned about 0.15% of Celestica worth $13,573,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. R Squared Ltd boosted its holdings in Celestica by 438.2% in the 1st quarter. R Squared Ltd now owns 2,960 shares of the technology company’s stock valued at $233,000 after purchasing an additional 2,410 shares during the last quarter. Andar Capital Management HK Ltd acquired a new position in Celestica in the 1st quarter valued at about $2,837,000. Cumberland Partners Ltd boosted its holdings in Celestica by 43.4% in the 1st quarter. Cumberland Partners Ltd now owns 5,450 shares of the technology company’s stock valued at $430,000 after purchasing an additional 1,650 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in Celestica in the 1st quarter valued at about $1,372,000. Finally, US Bancorp DE boosted its holdings in Celestica by 116.2% in the 1st quarter. US Bancorp DE now owns 5,715 shares of the technology company’s stock valued at $450,000 after purchasing an additional 3,072 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. CIBC decreased their price objective on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. Argus decreased their price objective on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. UBS Group restated a “neutral” rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Canaccord Genuity Group upped their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $168.92.

Celestica Price Performance

Shares of CLS opened at $194.84 on Monday. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $214.47. The firm’s 50 day moving average price is $147.75 and its 200 day moving average price is $116.74. The company has a market cap of $22.40 billion, a P/E ratio of 42.17 and a beta of 1.80. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48.

Celestica Company Profile

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.