Envestnet Asset Management Inc. Acquires 12,279 Shares of Celestica, Inc. (NYSE:CLS)

Envestnet Asset Management Inc. boosted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 9.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,083 shares of the technology company's stock after acquiring an additional 12,279 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Celestica worth $11,359,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Celestica in the 1st quarter worth approximately $26,000. Pinpoint Asset Management Ltd grew its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares in the last quarter. ORG Partners LLC purchased a new position in Celestica in the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. purchased a new position in Celestica in the 1st quarter worth approximately $30,000. Finally, Bessemer Group Inc. purchased a new position in Celestica in the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Trading Down 3.1%

CLS traded down $4.99 during trading on Tuesday, hitting $158.03. 2,180,730 shares of the stock traded hands, compared to its average volume of 3,414,672. The firm has a market capitalization of $18.17 billion, a P/E ratio of 43.48 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The firm has a 50-day moving average of $134.34 and a 200 day moving average of $111.35. Celestica, Inc. has a 12-month low of $40.25 and a 12-month high of $165.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The firm's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.83 EPS. Equities research 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 commented on the stock. CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Citigroup started coverage on shares of Celestica in a research note on Monday. They issued a "neutral" rating and a $172.00 price objective for the company. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and issued a $146.00 price objective (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $125.83.

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.