Barclays PLC Boosts Stake in Celestica Inc. (NYSE:CLS)

Barclays PLC lifted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 32.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,886 shares of the technology company's stock after purchasing an additional 17,038 shares during the quarter. Barclays PLC owned 0.06% of Celestica worth $6,359,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. State Street Corp acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $452,000. Geode Capital Management LLC grew its stake in shares of Celestica by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company's stock worth $6,236,000 after purchasing an additional 8,660 shares during the period. Invst LLC grew its stake in shares of Celestica by 24.0% during the 3rd quarter. Invst LLC now owns 10,069 shares of the technology company's stock worth $515,000 after purchasing an additional 1,948 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Celestica during the 3rd quarter worth approximately $4,003,000. Finally, Franklin Resources Inc. grew its stake in shares of Celestica by 21.1% during the 3rd quarter. Franklin Resources Inc. now owns 276,788 shares of the technology company's stock worth $14,149,000 after purchasing an additional 48,251 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

CLS stock traded down $1.35 during midday trading on Monday, reaching $87.70. The stock had a trading volume of 4,185,167 shares, compared to its average volume of 3,131,074. The company's fifty day simple moving average is $88.34 and its 200 day simple moving average is $92.67. 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 company has a market cap of $10.17 billion, a price-to-earnings ratio of 23.45 and a beta of 2.09. 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 announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. As a group, sell-side analysts predict that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research note on Monday. CIBC dropped their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Celestica has a consensus rating of "Moderate Buy" and an average target price of $104.09.

Insider Activity

In other news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company's stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares of the company's stock, valued at $10,608,649.66. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock valued at $116,673,769 in the last 90 days. Company insiders own 1.00% of the company's stock.

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.