Royal Bank of Canada Grows Holdings in Celestica Inc. (NYSE:CLS)

Royal Bank of Canada raised its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 23.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,261,172 shares of the technology company’s stock after buying an additional 236,124 shares during the period. Royal Bank of Canada owned 1.08% of Celestica worth $116,406,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd grew its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. Bessemer Group Inc. purchased a new stake in shares of Celestica during the 4th quarter valued at $42,000. R Squared Ltd bought a new stake in shares of Celestica during the 4th quarter worth $51,000. Finally, IFP Advisors Inc raised its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS opened at $113.27 on Monday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock has a market cap of $13.09 billion, a PE ratio of 30.29 and a beta of 1.65. The stock has a fifty day moving average of $87.92 and a 200-day moving average of $96.12.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the previous year, the firm earned $0.83 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities research analysts anticipate that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research analyst reports. CIBC decreased their price objective on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a report on Tuesday, April 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $120.00 price target on shares of Celestica in a report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on Celestica from $105.00 to $115.00 and gave the company an “overweight” rating in a research note on Monday, April 28th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Two equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $109.55.

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.