Celestica Inc. (NYSE:CLS) Shares Acquired by LMR Partners LLP

LMR Partners LLP raised its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 113.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,556 shares of the technology company's stock after buying an additional 113,556 shares during the quarter. LMR Partners LLP owned about 0.18% of Celestica worth $19,709,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in CLS. Peregrine Capital Management LLC purchased a new stake in Celestica during the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter worth $42,000. R Squared Ltd purchased a new stake in Celestica in the fourth quarter valued at approximately $51,000. Finally, IFP Advisors Inc grew its position in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Shares of Celestica stock traded down $1.96 on Thursday, hitting $111.49. The company's stock had a trading volume of 2,887,593 shares, compared to its average volume of 3,210,935. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $87.39 and a 200-day moving average price of $95.44. The company has a market capitalization of $12.89 billion, a P/E ratio of 29.81 and a beta of 1.65. 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 issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period last year, the company earned $0.83 EPS. The firm's quarterly revenue was up 19.9% on a year-over-year basis. On average, equities research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CLS shares. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Barclays lowered their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Argus reduced their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Stifel Nicolaus increased 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. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $105.42.

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.