The Manufacturers Life Insurance Company Has $47.08 Million Holdings in Celestica Inc. (NYSE:CLS)

The Manufacturers Life Insurance Company lifted its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 509,490 shares of the technology company's stock after purchasing an additional 80,385 shares during the quarter. The Manufacturers Life Insurance Company owned 0.44% of Celestica worth $47,082,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. FIL Ltd grew its position in shares of 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 acquiring an additional 3,406,723 shares during the period. Norges Bank acquired a new position in shares of Celestica during the 4th quarter worth about $139,008,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Celestica by 64.6% in 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 during the period. Finally, Franklin Resources Inc. lifted its stake in Celestica by 290.4% in the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock valued at $99,735,000 after purchasing an additional 803,780 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLS. TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. increased their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Stifel Nicolaus increased their price objective 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. Finally, CIBC reduced their target price 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. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Performance

Shares of CLS traded up $4.82 during mid-day trading on Friday, hitting $94.03. 3,327,629 shares of the company's stock were exchanged, compared to its average volume of 3,157,256. 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 52 week low of $40.25 and a 52 week high of $144.27. The stock's 50-day simple moving average is $86.23 and its 200-day simple moving average is $93.23. The firm has a market cap of $10.90 billion, a price-to-earnings ratio of 25.14 and a beta of 2.09.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share 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 analysts' expectations of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.83 EPS. On average, equities research analysts expect that Celestica Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling

In other news, CFO Mandeep Chawla sold 90,771 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $11,099,477.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 853,591 shares of company stock valued at $106,369,812 over the last quarter. 1.00% of the stock is owned by company insiders.

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.