Park Square Financial Group LLC Makes New Investment in Celestica Inc. (NYSE:CLS)

Park Square Financial Group LLC bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,738 shares of the technology company's stock, valued at approximately $345,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in Celestica during the 4th quarter worth about $30,000. Pinpoint Asset Management Ltd raised its holdings in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new stake in Celestica during the 4th quarter worth about $42,000. R Squared Ltd bought a new stake in Celestica during the 4th quarter worth about $51,000. Finally, IFP Advisors Inc raised its holdings in 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 last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Down 1.5%

Shares of NYSE CLS traded down $1.76 during mid-day trading on Thursday, hitting $116.36. The company had a trading volume of 3,653,163 shares, compared to its average volume of 3,247,913. The company has a market capitalization of $13.45 billion, a PE ratio of 31.11 and a beta of 1.65. The firm has a 50-day simple moving average of $91.95 and a two-hundred day simple moving average of $97.98. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

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

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Royal Bank of Canada reissued an "outperform" rating and set a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. Barclays decreased their price objective on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. CIBC lowered their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Finally, Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

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.