Polar Capital Holdings Plc Has $148.42 Million Stake in Celestica Inc. (NYSE:CLS)

Polar Capital Holdings Plc increased its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 822.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,607,969 shares of the technology company's stock after acquiring an additional 1,433,681 shares during the quarter. Celestica makes up about 0.8% of Polar Capital Holdings Plc's portfolio, making the stock its 28th biggest holding. Polar Capital Holdings Plc owned 1.38% of Celestica worth $148,416,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock worth $2,651,000 after purchasing an additional 31,219 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Celestica during the 4th quarter worth $184,000. SeaCrest Wealth Management LLC acquired a new stake in Celestica during the 4th quarter worth $946,000. Wolff Wiese Magana LLC boosted its stake in Celestica by 47.7% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after purchasing an additional 355 shares during the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of Celestica by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 220,200 shares of the technology company's stock valued at $20,324,000 after acquiring an additional 14,000 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Down 0.0%

CLS stock traded down $0.02 during midday trading on Tuesday, hitting $111.58. 1,656,555 shares of the company's stock were exchanged, compared to its average volume of 3,207,796. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $12.90 billion, a price-to-earnings ratio of 29.80 and a beta of 1.65. The firm has a 50 day moving average price of $88.35 and a 200-day moving average price of $96.40.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm posted $0.83 EPS. The business's revenue for the quarter was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Celestica Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLS. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Stifel Nicolaus upped their target price 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. JPMorgan Chase & Co. upped their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, Barclays cut their price target on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average 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.