Bayesian Capital Management LP Buys Shares of 36,926 Celestica Inc. (NYSE:CLS)

Bayesian Capital Management LP bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 36,926 shares of the technology company’s stock, valued at approximately $1,659,000.

A number of other large investors have also recently bought and sold shares of CLS. SVB Wealth LLC acquired a new stake in shares of Celestica during the first quarter worth $276,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Celestica by 2,494.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,703,742 shares of the technology company’s stock worth $391,147,000 after purchasing an additional 8,368,293 shares during the last quarter. Truvestments Capital LLC boosted its holdings in shares of Celestica by 7,788.0% during the first quarter. Truvestments Capital LLC now owns 15,776 shares of the technology company’s stock worth $709,000 after purchasing an additional 15,576 shares during the last quarter. Vident Advisory LLC boosted its holdings in shares of Celestica by 20.6% during the first quarter. Vident Advisory LLC now owns 87,090 shares of the technology company’s stock worth $3,915,000 after purchasing an additional 14,870 shares during the last quarter. Finally, Pitcairn Co. acquired a new stake in shares of Celestica during the first quarter worth $796,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 1.7 %

Shares of Celestica stock traded down $0.86 during trading hours on Tuesday, hitting $49.14. 2,705,712 shares of the company’s stock traded hands, compared to its average volume of 2,299,306. The stock has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $47.05. The company has a quick ratio of 0.86, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $5.84 billion, a PE ratio of 18.69 and a beta of 2.31. Celestica Inc. has a twelve month low of $20.22 and a twelve month high of $63.49.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.10. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a return on equity of 19.96% and a net margin of 4.16%. The company’s revenue was up 23.3% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. Equities research analysts anticipate that Celestica Inc. will post 2.88 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CLS has been the topic of several research reports. Stifel Nicolaus increased their target price on Celestica from $51.00 to $58.00 and gave the stock a “hold” rating in a research report on Friday. Fox Advisors initiated coverage on Celestica in a research report on Wednesday, May 15th. They issued an “overweight” rating and a $60.00 target price on the stock. BMO Capital Markets increased their target price on Celestica from $53.00 to $63.00 and gave the stock an “outperform” rating in a research report on Monday, June 17th. Canaccord Genuity Group increased their target price on Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, CIBC raised their price objective on Celestica from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $58.38.

Celestica 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.