Assetmark Inc. Acquires 4,577 Shares of Celestica, Inc. (NYSE:CLS)

Assetmark Inc. raised its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 99.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 9,164 shares of the technology company's stock after acquiring an additional 4,577 shares during the quarter. Assetmark Inc.'s holdings in Celestica were worth $722,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CLS. Rothschild Investment LLC acquired a new position in shares of Celestica in the first quarter worth approximately $26,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares during the period. ORG Partners LLC bought a new position in Celestica during the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica in the 1st quarter worth approximately $30,000. Finally, Bessemer Group Inc. acquired a new position in shares of Celestica in the 4th quarter worth approximately $42,000. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Barclays increased their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday. JPMorgan Chase & Co. upped their price target on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday. Argus lowered their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. CIBC dropped their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Finally, Royal Bank Of Canada upped their target price on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $168.92.

Celestica Stock Performance

Shares of CLS opened at $194.84 on Friday. Celestica, Inc. has a one year low of $40.25 and a one year high of $214.47. The company has a market cap of $22.40 billion, a PE ratio of 42.17 and a beta of 1.80. The stock has a 50-day moving average of $147.75 and a 200-day moving average of $116.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.