Acuitas Investments LLC Purchases Shares of 6,500 Celestica, Inc. (NYSE:CLS)

Acuitas Investments LLC acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,500 shares of the technology company's stock, valued at approximately $512,000.

Other large investors also recently made changes to their positions in the company. Independent Advisor Alliance grew its position in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after purchasing an additional 79 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after acquiring an additional 89 shares during the period. CoreCap Advisors LLC raised its stake in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after buying an additional 90 shares in the last quarter. Pinpoint Asset Management Ltd lifted its stake 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 purchasing an additional 182 shares during the period. Finally, Bay Rivers Group raised its stake in Celestica by 1.1% during the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after acquiring an additional 215 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Argus reduced their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Finally, Barclays reiterated an "overweight" rating and set a $146.00 target price (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $116.64.

Celestica Price Performance

NYSE CLS traded up $5.66 during trading on Friday, hitting $160.56. 2,227,845 shares of the company's stock were exchanged, compared to its average volume of 3,387,199. The company has a market cap of $18.46 billion, a PE ratio of 44.23 and a beta of 1.81. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $160.63. The stock's 50 day moving average price is $120.75 and its two-hundred day moving average price is $106.75.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same period in the prior year, the company earned $0.83 EPS. The firm's quarterly revenue was up 19.9% compared to the same quarter last year. Research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

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.