Texas Bank & Trust Co Takes $343,000 Position in Celestica Inc. (NYSE:CLS)

Texas Bank & Trust Co purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 3,720 shares of the technology company's stock, valued at approximately $343,000.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its position in shares of Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after buying an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the period. FIL Ltd raised its position in shares of Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after buying an additional 3,406,723 shares during the period. Invesco Ltd. raised its position in Celestica by 20.2% in the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after purchasing an additional 494,542 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in Celestica by 49.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after purchasing an additional 719,805 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Up 1.1%

Shares of CLS stock traded up $1.29 on Friday, reaching $119.61. 2,907,554 shares of the stock were exchanged, compared to its average volume of 3,238,027. 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 business's 50 day moving average price is $90.49 and its 200 day moving average price is $97.37. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 31.98 and a beta of 1.65. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping 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 the consensus estimate of $2.56 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. The company's revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Argus cut their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. CIBC cut their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Celestica currently has a consensus rating of "Moderate Buy" and an average target price of $114.82.

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.