Gotham Asset Management LLC Takes Position in Celestica Inc. (NYSE:CLS)

Gotham Asset Management LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 7,551 shares of the technology company's stock, valued at approximately $697,000.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new position in Celestica during the 4th quarter valued at about $385,000. Raymond James Financial Inc. acquired a new position in shares of Celestica during the fourth quarter valued at about $47,685,000. Schechter Investment Advisors LLC purchased a new position in shares of Celestica in the 4th quarter valued at approximately $294,000. American Century Companies Inc. raised its position in shares of Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after purchasing an additional 30,851 shares during the last quarter. Finally, Fruth Investment Management acquired a new stake in Celestica in the 4th quarter worth approximately $286,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Stifel Nicolaus upped 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. JPMorgan Chase & Co. lifted their price target on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, CIBC reduced their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Two investment 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 stock. According to MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Stock Performance

Shares of CLS stock traded up $4.26 on Thursday, hitting $118.29. The company had a trading volume of 4,069,428 shares, compared to its average volume of 3,238,139. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. 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 market cap of $13.67 billion, a P/E ratio of 31.63 and a beta of 1.65. The company has a 50-day moving average price of $89.32 and a 200-day moving average price of $96.64.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. Celestica's revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 earnings per share. As a group, equities research analysts predict that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

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.