Celestica Inc. (NYSE:CLS) Stock Position Boosted by Global Trust Asset Management LLC

Global Trust Asset Management LLC boosted its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 40.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,148 shares of the technology company’s stock after buying an additional 1,198 shares during the period. Global Trust Asset Management LLC’s holdings in Celestica were worth $327,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its holdings in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after acquiring an additional 5,574,342 shares during the period. FIL Ltd raised its position in shares of Celestica by 5,976.1% in the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock valued at $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank bought a new position in shares of Celestica in the fourth quarter valued at approximately $139,008,000. Polar Capital Holdings Plc grew its stake in shares of Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company’s stock worth $148,416,000 after acquiring an additional 1,433,681 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 2.3%

NYSE CLS opened at $128.18 on Tuesday. The business has a 50 day moving average price of $102.96 and a 200-day moving average price of $101.52. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a market cap of $14.82 billion, a price-to-earnings ratio of 34.27 and a beta of 1.74. 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 (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion for 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 business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.83 earnings per share. As a group, equities analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CLS shares. BNP Paribas upgraded shares of Celestica to a “strong-buy” rating in a research note on Wednesday, June 11th. Stifel Nicolaus boosted their price objective on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada restated an “outperform” rating and issued a $120.00 price target on shares of Celestica in a report on Monday, April 28th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Celestica has a consensus rating of “Buy” and a consensus target price of $116.64.

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.