2,816 Shares in Celestica Inc. (NYSE:CLS) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,816 shares of the technology company's stock, valued at approximately $260,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. Peregrine Capital Management LLC acquired a new stake in Celestica in the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Bessemer Group Inc. acquired a new stake in Celestica during the 4th quarter valued at $42,000. R Squared Ltd acquired a new stake in Celestica during the 4th quarter valued at $51,000. Finally, IFP Advisors Inc grew its holdings in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of recent analyst reports. Argus lowered their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Barclays reduced their price target on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Stifel Nicolaus lifted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Royal Bank of Canada restated an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Up 2.7%

CLS traded up $2.98 on Wednesday, reaching $112.85. 5,630,934 shares of the company traded hands, compared to its average volume of 3,219,208. The stock's 50 day moving average price is $86.78 and its 200-day moving average price is $95.16. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company has a market cap of $13.05 billion, a price-to-earnings ratio of 30.17 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $1.10 by $0.10. The company had revenue of $2.65 billion during the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.83 earnings per share. On average, sell-side analysts expect that Celestica Inc. will post 4.35 EPS 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.