Trexquant Investment LP Purchases 83,190 Shares of Celestica Inc. (NYSE:CLS)

Trexquant Investment LP grew its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 94.0% in the 4th quarter, HoldingsChannel reports. The fund owned 171,681 shares of the technology company’s stock after buying an additional 83,190 shares during the period. Trexquant Investment LP’s holdings in Celestica were worth $5,027,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Celestica by 50.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,094,994 shares of the technology company’s stock valued at $149,153,000 after acquiring an additional 2,054,918 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Celestica by 1.3% during the third quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company’s stock valued at $90,831,000 after acquiring an additional 47,619 shares in the last quarter. WCM Investment Management LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $67,832,000. Shannon River Fund Management LLC bought a new stake in shares of Celestica during the third quarter valued at approximately $41,565,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Celestica by 21.0% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,412,581 shares of the technology company’s stock worth $34,692,000 after buying an additional 244,884 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CLS. Fox Advisors began coverage on Celestica in a report on Wednesday, May 15th. They set an “overweight” rating and a $60.00 price target for the company. StockNews.com upgraded Celestica from a “hold” rating to a “buy” rating in a report on Thursday, May 16th. CIBC reaffirmed a “neutral” rating and set a $49.00 target price (up from $41.00) on shares of Celestica in a research report on Friday, April 26th. BMO Capital Markets raised their target price on Celestica from $37.00 to $48.00 and gave the company an “outperform” rating in a research report on Monday, April 22nd. Finally, Canaccord Genuity Group increased their price target on Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $44.56.

Celestica Stock Up 2.4 %

Shares of NYSE CLS opened at $53.88 on Thursday. Celestica Inc. has a 52 week low of $11.13 and a 52 week high of $54.28. The business has a 50-day simple moving average of $46.45 and a two-hundred day simple moving average of $37.34. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. The company has a market cap of $6.40 billion, a P/E ratio of 20.10 and a beta of 2.25.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results 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 during the quarter, compared to the consensus estimate of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. Research analysts anticipate that Celestica Inc. will post 2.87 earnings per share for the current fiscal year.

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.