Louisbourg Investments Inc. Has $2.05 Million Stake in Celestica Inc. (NYSE:CLS)

Louisbourg Investments Inc. trimmed its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 19.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the technology company's stock after selling 6,100 shares during the period. Louisbourg Investments Inc.'s holdings in Celestica were worth $2,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. FMR LLC increased its holdings in 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 purchasing an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in 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 purchasing an additional 1,401,877 shares in the last quarter. FIL Ltd boosted its position in Celestica by 5,976.1% in 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 last quarter. Invesco Ltd. boosted its position in Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after buying an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 valued at $200,601,000 after buying an additional 719,805 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 2.3%

NYSE:CLS opened at $128.18 on Tuesday. Celestica Inc. has a 12-month low of $40.25 and a 12-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 capitalization of $14.82 billion, a P/E ratio of 34.27 and a beta of 1.74. The stock's fifty day simple moving average is $102.96 and its 200-day simple moving average is $101.52.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company'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. Equities research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on CLS. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Stifel Nicolaus increased their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $116.64.

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.

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