Janus Henderson Group PLC Acquires 97,323 Shares of Celestica Inc. (NYSE:CLS)

Janus Henderson Group PLC raised its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 259.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,790 shares of the technology company's stock after purchasing an additional 97,323 shares during the quarter. Janus Henderson Group PLC owned 0.12% of Celestica worth $12,412,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd raised its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the period. Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter valued at about $42,000. R Squared Ltd bought a new position in shares of Celestica in the fourth quarter worth about $51,000. Finally, IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Up 1.1%

Shares of NYSE:CLS traded up $1.18 during trading on Tuesday, hitting $112.78. The company had a trading volume of 3,206,459 shares, compared to its average volume of 3,213,761. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 30.16 and a beta of 1.65. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a fifty day simple moving average of $88.35 and a two-hundred day simple moving average of $96.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $0.83 earnings per share. Celestica's quarterly revenue was up 19.9% compared to the same quarter last year. As a group, equities analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CLS shares. CIBC lowered their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Argus lowered their target price 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. Stifel Nicolaus raised their target price 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 report on Monday, April 28th. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and a consensus price target of $109.55.

About Celestica

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.