101,600 Shares in Celestica Inc. (NYSE:CLS) Purchased by Castleark Management LLC

Castleark Management LLC acquired a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 101,600 shares of the technology company’s stock, valued at approximately $9,378,000.

Several other large investors also recently added to or reduced their stakes in CLS. Barclays PLC boosted its stake in Celestica by 151.3% in the third quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock valued at $2,651,000 after acquiring an additional 31,219 shares in the last quarter. Annex Advisory Services LLC acquired a new stake in shares of Celestica in the 4th quarter worth $265,000. UMB Bank n.a. boosted its position in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Celestica during the 4th quarter worth $300,000. Finally, Global Trust Asset Management LLC grew its stake in Celestica by 195.0% during the 4th quarter. Global Trust Asset Management LLC now owns 2,950 shares of the technology company’s stock worth $272,000 after buying an additional 1,950 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

Shares of CLS stock opened at $112.78 on Wednesday. The company’s fifty day simple moving average is $88.87 and its 200-day simple moving average is $96.52. The company has a market cap of $13.04 billion, a PE ratio of 30.16 and a beta of 1.65. Celestica Inc. has a 52 week low of $40.25 and a 52 week 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.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results 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 company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company’s revenue was up 19.9% on a year-over-year basis. During the same period last year, the firm earned $0.83 earnings per share. As a group, equities research analysts anticipate that Celestica Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

CLS has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Monday, April 28th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Barclays lowered their price target on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, CIBC decreased their price objective on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average 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.