New York State Common Retirement Fund Raises Holdings in Celestica Inc (CLS)

New York State Common Retirement Fund boosted its holdings in Celestica Inc (NYSE:CLS) (TSE:CLS) by 11.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,103 shares of the technology company’s stock after acquiring an additional 6,179 shares during the quarter. New York State Common Retirement Fund’s holdings in Celestica were worth $719,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. NorthCoast Asset Management LLC bought a new stake in Celestica in the second quarter worth about $1,885,000. Canada Pension Plan Investment Board raised its position in Celestica by 162.7% in the third quarter. Canada Pension Plan Investment Board now owns 352,526 shares of the technology company’s stock worth $4,352,000 after acquiring an additional 218,356 shares in the last quarter. Bank of Nova Scotia raised its position in Celestica by 100.9% in the second quarter. Bank of Nova Scotia now owns 35,283 shares of the technology company’s stock worth $479,000 after acquiring an additional 17,723 shares in the last quarter. Vanguard Group Inc. raised its position in Celestica by 5.6% in the second quarter. Vanguard Group Inc. now owns 2,479,906 shares of the technology company’s stock worth $33,677,000 after acquiring an additional 131,428 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Celestica by 2,226.2% in the second quarter. JPMorgan Chase & Co. now owns 917,634 shares of the technology company’s stock worth $12,460,000 after acquiring an additional 878,187 shares in the last quarter. Hedge funds and other institutional investors own 68.51% of the company’s stock.

Several equities research analysts have commented on the stock. ValuEngine cut shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Canaccord Genuity reiterated a “buy” rating and issued a $14.00 price target on shares of Celestica in a research report on Friday, October 27th. TD Securities dropped their price target on shares of Celestica from $13.50 to $11.50 and set a “hold” rating on the stock in a research report on Friday, October 27th. TheStreet cut Celestica from a “b” rating to a “c+” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada dropped their price target on Celestica from $15.00 to $13.00 and set a “sector perform” rating on the stock in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the stock. Celestica presently has an average rating of “Hold” and an average price target of $13.93.

Celestica Inc (CLS) opened at $10.71 on Friday. The firm has a market capitalization of $1,530.00, a PE ratio of 13.91 and a beta of 0.72. Celestica Inc has a 12 month low of $9.79 and a 12 month high of $14.74. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.01 and a quick ratio of 1.15.

Celestica declared that its Board of Directors has authorized a share buyback program on Thursday, October 26th that authorizes the company to repurchase 1,000% of outstanding shares. This repurchase authorization authorizes the technology company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

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Celestica Profile

Celestica Inc is a provider of supply chain solutions. The Company operates in electronics manufacturing services business segment. The Company offers a range of services to its customers, including design and development, engineering services, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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