SteelPeak Wealth LLC Increases Holdings in Celestica, Inc. (NYSE:CLS)

SteelPeak Wealth LLC increased its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 67.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,990 shares of the technology company's stock after acquiring an additional 6,453 shares during the period. SteelPeak Wealth LLC's holdings in Celestica were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the last quarter. FIL Ltd lifted its position in shares of Celestica by 5,976.1% during the 4th 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. Norges Bank bought a new position in shares of Celestica during the 4th quarter worth $139,008,000. Polar Capital Holdings Plc grew its stake in shares of Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after acquiring an additional 1,433,681 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its holdings in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

CLS stock traded up $2.25 during midday trading on Friday, reaching $161.08. 2,183,425 shares of the company's stock traded hands, compared to its average volume of 3,409,155. 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 52-week low of $40.25 and a 52-week high of $163.95. The stock has a market cap of $18.52 billion, a P/E ratio of 44.37 and a beta of 1.81. The stock's 50-day moving average is $127.70 and its 200 day moving average is $108.82.

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Barclays reiterated an "overweight" rating and issued a $146.00 price target (up from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Royal Bank Of Canada restated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Finally, CIBC lowered their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target 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.