Ausbil Investment Management Ltd Acquires New Holdings in Celestica Inc. (NYSE:CLS)

Ausbil Investment Management Ltd acquired a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 34,789 shares of the technology company’s stock, valued at approximately $1,597,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Trexquant Investment LP raised its stake in shares of Celestica by 0.6% during the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after acquiring an additional 502 shares during the last quarter. Guardian Capital Advisors LP grew its holdings in Celestica by 8.5% in the fourth quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock worth $256,000 after purchasing an additional 685 shares during the period. Blue Trust Inc. grew its holdings in Celestica by 128.6% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,384 shares during the period. Principal Securities Inc. acquired a new stake in Celestica in the fourth quarter worth $42,000. Finally, D Orazio & Associates Inc. grew its holdings in Celestica by 17.0% in the fourth quarter. D Orazio & Associates Inc. now owns 11,453 shares of the technology company’s stock worth $335,000 after purchasing an additional 1,662 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

CLS stock traded up $0.98 during mid-day trading on Friday, hitting $58.18. The company had a trading volume of 105,767 shares, compared to its average volume of 2,274,014. The firm has a market cap of $6.91 billion, a PE ratio of 21.34 and a beta of 2.28. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42. Celestica Inc. has a 12 month low of $14.31 and a 12 month high of $61.06. The stock’s fifty day moving average price is $51.73 and its two-hundred day moving average price is $42.59.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.64 by $0.02. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.10 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. On average, analysts forecast that Celestica Inc. will post 2.87 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on CLS. Royal Bank of Canada raised their price target on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a report on Sunday, April 28th. Stifel Nicolaus lifted their price objective on shares of Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a report on Monday, May 13th. Fox Advisors started coverage on shares of Celestica in a report on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price objective for the company. Canaccord Genuity Group lifted their price objective on shares of Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, CIBC lifted their price objective on shares of Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, May 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $47.22.

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.