Celestica, Inc. (NYSE:CLS) Shares Purchased by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 22.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,467 shares of the technology company's stock after purchasing an additional 22,120 shares during the period. Bank of New York Mellon Corp owned about 0.10% of Celestica worth $9,573,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CLS. Rothschild Investment LLC purchased a new position in shares of Celestica in the first quarter worth approximately $26,000. ORG Partners LLC purchased a new position in shares of Celestica in the first quarter worth approximately $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica in the first quarter worth approximately $30,000. Pinpoint Asset Management Ltd increased its position in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Barclays reaffirmed an "overweight" rating and set a $146.00 target price (up previously from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Citigroup started coverage on shares of Celestica in a report on Monday. They issued a "neutral" rating and a $172.00 price target on the stock. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Argus cut their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Finally, CIBC cut their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Three equities research 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, Celestica has a consensus rating of "Moderate Buy" and an average target price of $125.83.

Celestica Stock Performance

Shares of CLS opened at $162.88 on Tuesday. The stock's 50-day simple moving average is $134.34 and its 200 day simple moving average is $111.35. The stock has a market capitalization of $18.73 billion, a price-to-earnings ratio of 44.87 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. Celestica, Inc. has a 52-week low of $40.25 and a 52-week high of $165.83.

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

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.

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