Polar Capital Holdings Plc Purchases 1,433,681 Shares of Celestica Inc. (NYSE:CLS)

Polar Capital Holdings Plc raised its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 822.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,607,969 shares of the technology company’s stock after purchasing an additional 1,433,681 shares during the quarter. Celestica accounts for about 0.8% of Polar Capital Holdings Plc’s holdings, making the stock its 28th biggest holding. Polar Capital Holdings Plc owned about 1.38% of Celestica worth $148,416,000 at the end of the most recent reporting period.

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

Celestica Price Performance

CLS stock opened at $112.85 on Thursday. The firm has a 50 day simple moving average of $86.78 and a two-hundred day simple moving average of $95.16. The stock has a market cap of $13.05 billion, a PE ratio of 30.17 and a beta of 1.65. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the business earned $0.83 earnings per share. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the subject of several analyst reports. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Argus reduced their target price on Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. CIBC dropped their price objective on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 15th. Barclays cut their target price on Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average target price of $105.42.

Celestica Company 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.