Texas Bank & Trust Co Makes New Investment in Celestica Inc. (NYSE:CLS)

Texas Bank & Trust Co bought a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,720 shares of the technology company's stock, valued at approximately $343,000.

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

Celestica Trading Up 3.7%

NYSE CLS traded up $4.26 on Thursday, reaching $118.29. 4,069,428 shares of the company were exchanged, compared to its average volume of 3,238,146. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The business's fifty day moving average price is $89.32 and its 200 day moving average price is $96.64. The stock has a market capitalization of $13.67 billion, a P/E ratio of 31.63 and a beta of 1.65.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly 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 return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the firm earned $0.83 earnings per share. The firm's revenue was up 19.9% compared to the same quarter last year. Analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently commented on CLS. TD Securities boosted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research report on Thursday. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Argus reduced their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, CIBC cut their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Celestica 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.