Park Square Financial Group LLC Makes New $345,000 Investment in Celestica Inc. (NYSE:CLS)

Park Square Financial Group LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,738 shares of the technology company's stock, valued at approximately $345,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Independent Advisor Alliance increased its position in Celestica by 0.3% during the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after buying an additional 79 shares during the last quarter. Jones Financial Companies Lllp increased its position in Celestica by 4.6% during the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after buying an additional 89 shares during the last quarter. CoreCap Advisors LLC increased its position in Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after buying an additional 90 shares during the last quarter. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Celestica by 5.5% during the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company's stock worth $498,000 after buying an additional 281 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CLS. Argus lowered their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. BMO Capital Markets reissued an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price target on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $114.82.

Celestica Trading Down 0.8%

CLS traded down $0.93 during midday trading on Friday, reaching $115.44. 4,389,875 shares of the company were exchanged, compared to its average volume of 3,258,045. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The stock has a market capitalization of $13.34 billion, a P/E ratio of 30.87 and a beta of 1.65. The stock's 50-day simple moving average is $92.64 and its 200 day simple moving average is $98.41.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly 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. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 EPS. As a group, analysts forecast that Celestica Inc. will post 4.35 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.