Alyeska Investment Group L.P. Acquires Shares of 258,665 Celestica Inc. (NYSE:CLS)

Alyeska Investment Group L.P. purchased a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 258,665 shares of the technology company's stock, valued at approximately $23,875,000. Alyeska Investment Group L.P. owned approximately 0.22% of Celestica at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new position in Celestica during the 4th quarter valued at approximately $385,000. Raymond James Financial Inc. purchased a new position in shares of Celestica in the 4th quarter worth about $47,685,000. Schechter Investment Advisors LLC bought a new position in Celestica in the 4th quarter worth about $294,000. American Century Companies Inc. boosted its stake in Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock worth $20,217,000 after purchasing an additional 30,851 shares in the last quarter. Finally, Fruth Investment Management purchased a new stake in Celestica during the 4th quarter valued at about $286,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Barclays dropped their price objective on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Performance

Celestica stock traded down $3.30 during trading on Friday, reaching $93.03. The company had a trading volume of 2,692,143 shares, compared to its average volume of 3,166,789. The firm has a market capitalization of $10.79 billion, a price-to-earnings ratio of 24.87 and a beta of 1.65. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm's 50-day simple moving average is $85.52 and its 200 day simple moving average is $94.27. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 earnings per share. Sell-side analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

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.