Oliver Luxxe Assets LLC Makes New $3.25 Million Investment in Celestica Inc. (NYSE:CLS)

Oliver Luxxe Assets LLC bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 72,278 shares of the technology company’s stock, valued at approximately $3,248,000. Oliver Luxxe Assets LLC owned about 0.06% of Celestica as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Trexquant Investment LP lifted its holdings in Celestica by 0.6% in the third quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock worth $2,170,000 after acquiring an additional 502 shares during the last quarter. Guardian Capital Advisors LP raised its holdings in shares of Celestica by 8.5% during the fourth quarter. Guardian Capital Advisors LP now owns 8,770 shares of the technology company’s stock valued at $256,000 after buying an additional 685 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Celestica by 128.6% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock valued at $72,000 after buying an additional 1,384 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Celestica during the fourth quarter valued at approximately $42,000. Finally, D Orazio & Associates Inc. raised its holdings in shares of Celestica by 17.0% during the fourth quarter. D Orazio & Associates Inc. now owns 11,453 shares of the technology company’s stock valued at $335,000 after buying an additional 1,662 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS traded down $0.24 during mid-day trading on Monday, reaching $57.09. 584,571 shares of the company traded hands, compared to its average volume of 2,271,460. Celestica Inc. has a fifty-two week low of $14.37 and a fifty-two week high of $61.06. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.42 and a quick ratio of 0.78. The firm has a market cap of $6.78 billion, a PE ratio of 21.39 and a beta of 2.28. The stock has a fifty day simple moving average of $52.07 and a 200-day simple moving average of $43.01.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.02. The firm 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%. Equities research analysts anticipate that Celestica Inc. will post 2.87 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus lifted their price target on Celestica from $48.00 to $51.00 and gave the company a “hold” rating in a report on Monday, May 13th. BMO Capital Markets lifted their price target on Celestica from $53.00 to $63.00 and gave the company an “outperform” rating in a report on Monday, June 17th. CIBC lifted their price target on Celestica from $49.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, May 27th. Royal Bank of Canada lifted their price target on Celestica from $47.00 to $53.00 and gave the company an “outperform” rating in a report on Sunday, April 28th. Finally, Canaccord Genuity Group lifted their price target on Celestica from $48.00 to $53.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.22.

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.