Man Group plc Grows Stake in Celestica Inc. (NYSE:CLS)

Man Group plc boosted its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 260.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 148,896 shares of the technology company's stock after buying an additional 107,596 shares during the quarter. Man Group plc owned approximately 0.13% of Celestica worth $13,739,000 as of its most recent SEC filing.

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

Celestica Stock Performance

NYSE:CLS traded up $1.49 on Wednesday, reaching $114.15. 4,787,494 shares of the company's stock were exchanged, compared to its average volume of 3,226,044. The firm has a market cap of $13.20 billion, a price-to-earnings ratio of 30.52 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a fifty day simple moving average of $88.87 and a 200-day simple moving average of $96.52. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

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

Wall Street Analyst Weigh In

Several research firms have commented on CLS. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC reduced their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus lifted their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Argus reduced their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Celestica presently has an average rating of "Moderate Buy" and a consensus target price of $109.55.

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.