LMR Partners LLP Buys New Stake in Celestica Inc. (NYSE:CLS)

LMR Partners LLP purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 100,000 shares of the technology company’s stock, valued at approximately $5,112,000. LMR Partners LLP owned 0.08% of Celestica at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in Celestica in the 1st quarter valued at about $226,000. Sei Investments Co. lifted its stake in Celestica by 117.8% in the first quarter. Sei Investments Co. now owns 40,560 shares of the technology company’s stock valued at $1,823,000 after acquiring an additional 21,940 shares during the last quarter. Avantax Advisory Services Inc. bought a new position in shares of Celestica in the first quarter valued at about $313,000. Kingsview Wealth Management LLC bought a new position in shares of Celestica in the first quarter valued at about $286,000. Finally, Vanguard Group Inc. increased its position in Celestica by 1.5% during the first quarter. Vanguard Group Inc. now owns 4,331,184 shares of the technology company’s stock worth $194,643,000 after acquiring an additional 64,658 shares during the period. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on CLS. TD Cowen increased their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Celestica from $65.00 to $75.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price objective on Celestica from $58.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. CIBC upped their price target on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday, July 26th. Finally, TD Securities upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $69.10.

Celestica Stock Performance

NYSE:CLS opened at $83.99 on Tuesday. The company has a market cap of $9.96 billion, a price-to-earnings ratio of 26.66 and a beta of 2.24. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock’s 50 day simple moving average is $60.64 and its two-hundred day simple moving average is $55.90. Celestica Inc. has a 1 year low of $25.83 and a 1 year high of $87.99.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Celestica’s revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts anticipate that Celestica Inc. will post 3.44 earnings per share for the current fiscal year.

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.