LMR Partners LLP Takes Position in Celestica Inc. (NYSE:CLS)

LMR Partners LLP acquired a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 100,000 shares of the technology company's stock, valued at approximately $5,112,000. LMR Partners LLP owned approximately 0.08% of Celestica as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Westover Capital Advisors LLC increased its holdings in Celestica by 20.9% during the second quarter. Westover Capital Advisors LLC now owns 21,776 shares of the technology company's stock worth $1,248,000 after buying an additional 3,764 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica in the 3rd quarter valued at about $61,210,000. Van ECK Associates Corp increased its position in Celestica by 40.0% during the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company's stock worth $3,439,000 after buying an additional 19,221 shares during the last quarter. Sigma Planning Corp bought a new stake in Celestica in the third quarter valued at approximately $420,000. Finally, Rockingstone Advisors LLC bought a new position in shares of Celestica during the 2nd quarter worth approximately $2,442,000. Institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CLS shares. Canaccord Genuity Group upped their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 26th. StockNews.com lowered Celestica from a "buy" rating to a "hold" rating in a research note on Friday, August 2nd. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Finally, TD Securities upped their price target on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $69.10.

Celestica Price Performance

Shares of NYSE:CLS traded up $2.78 during midday trading on Tuesday, hitting $86.75. The stock had a trading volume of 2,232,218 shares, compared to its average volume of 2,290,160. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $10.29 billion, a P/E ratio of 26.66 and a beta of 2.24. The company's 50-day moving average price is $60.64 and its 200-day moving average price is $55.90. Celestica Inc. has a fifty-two week low of $25.83 and a fifty-two week high of $87.99.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results 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. The firm had revenue of $2.50 billion for the quarter, compared to analysts' expectations of $2.41 billion. Celestica had a return on equity of 21.58% and a net margin of 4.08%. The business's revenue for the quarter was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. As a group, equities research analysts predict that Celestica Inc. will post 3.44 EPS for the current fiscal year.

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.