Berbice Capital Management LLC Invests $229,000 in Celestica, Inc. (NYSE:CLS)

Berbice Capital Management LLC acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,900 shares of the technology company's stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CLS. Jones Financial Companies Lllp raised 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 valued at $188,000 after purchasing an additional 89 shares in the last quarter. CoreCap Advisors LLC raised 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 valued at $162,000 after purchasing an additional 90 shares in the last quarter. Private Trust Co. NA raised its position in Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after purchasing an additional 123 shares in the last quarter. Pinpoint Asset Management Ltd raised 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 valued at $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Bay Rivers Group raised its position in Celestica by 1.1% during the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock valued at $1,536,000 after purchasing an additional 215 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Up 0.8%

Celestica stock traded up $1.29 during trading hours on Monday, hitting $162.32. 1,286,845 shares of the stock traded hands, compared to its average volume of 3,409,605. The firm's 50-day moving average price is $127.70 and its two-hundred day moving average price is $108.98. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company has a market cap of $18.67 billion, a PE ratio of 44.70 and a beta of 1.81. Celestica, Inc. has a one year low of $40.25 and a one year high of $163.95.

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

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Argus reduced their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $116.64.

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.