Broad Peak Investment Advisers Pte Ltd Acquires New Holdings in Celestica, Inc. (NYSE:CLS)

Broad Peak Investment Advisers Pte Ltd bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 278,000 shares of the technology company's stock, valued at approximately $21,909,000. Celestica makes up 14.8% of Broad Peak Investment Advisers Pte Ltd's portfolio, making the stock its 3rd largest holding. Broad Peak Investment Advisers Pte Ltd owned about 0.24% of Celestica as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. FMR LLC raised its stake in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after acquiring an additional 5,574,342 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares during the period. FIL Ltd raised its stake in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after buying an additional 3,406,723 shares during the last quarter. Invesco Ltd. raised its stake in Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after buying an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Celestica by 49.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after purchasing an additional 719,805 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CLS shares. CIBC cut their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Barclays reissued an "overweight" rating and set a $146.00 price target (up previously from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price objective on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $116.64.

Celestica Trading Up 1.1%

Shares of NYSE CLS traded up $1.82 during midday trading on Friday, hitting $160.65. The company's stock had a trading volume of 839,290 shares, compared to its average volume of 3,398,975. 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 business's 50 day moving average is $126.36 and its two-hundred day moving average is $108.39. Celestica, Inc. has a 12-month low of $40.25 and a 12-month high of $163.95. The firm has a market cap of $18.47 billion, a P/E ratio of 44.23 and a beta of 1.81.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm posted $0.83 earnings per share. The business's revenue was up 19.9% compared to the same quarter last year. As a group, equities 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.