Tidal Investments LLC Purchases Shares of 5,368 Celestica Inc. (NYSE:CLS)

Tidal Investments LLC purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,368 shares of the technology company's stock, valued at approximately $495,000.

A number of other institutional investors have also recently made changes to their positions in CLS. FMR LLC lifted its position in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. FIL Ltd lifted its position in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank bought a new position in Celestica during the fourth quarter valued at approximately $139,008,000. Polar Capital Holdings Plc lifted its position in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after purchasing an additional 1,433,681 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

CLS has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. CIBC lowered their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Argus decreased their price target 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, Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.82.

Celestica Price Performance

Shares of CLS stock traded down $0.93 on Friday, hitting $115.44. 4,389,875 shares of the stock traded hands, compared to its average volume of 3,255,695. The firm has a market cap of $13.34 billion, a price-to-earnings ratio of 30.87 and a beta of 1.65. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The firm has a 50 day simple moving average of $92.64 and a two-hundred day simple moving average of $98.53. 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 announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company's revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 EPS. As a group, equities research analysts predict that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

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.