Lifestyle Asset Management Inc. Makes New Investment in Celestica Inc. (NYSE:CLS)

Lifestyle Asset Management Inc. purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 7,535 shares of the technology company's stock, valued at approximately $594,000.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of 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 in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of 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 buying an additional 1,401,877 shares during the period. FIL Ltd boosted its holdings in 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 acquiring an additional 3,406,723 shares during the period. Invesco Ltd. grew its holdings in shares of Celestica by 20.2% in the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after purchasing an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in Celestica by 49.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after acquiring an additional 719,805 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

CLS has been the subject of several recent research reports. CIBC reduced their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Argus dropped their price target on 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. BMO Capital Markets reissued an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Two 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Price Performance

Shares of NYSE CLS traded up $1.47 during trading on Friday, hitting $120.78. The company had a trading volume of 2,464,284 shares, compared to its average volume of 3,258,952. The firm has a market capitalization of $13.96 billion, a price-to-earnings ratio of 32.29 and a beta of 1.65. The stock has a fifty day simple moving average of $95.51 and a two-hundred day simple moving average of $99.44. The company has a quick ratio of 0.87, a current ratio of 1.47 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.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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 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%. The firm's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 EPS. On average, research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

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.