China Universal Asset Management Co. Ltd. Has $1.47 Million Stock Position in Celestica, Inc. (NYSE:CLS)

China Universal Asset Management Co. Ltd. grew its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 120.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 18,700 shares of the technology company's stock after purchasing an additional 10,200 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Celestica were worth $1,474,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Independent Advisor Alliance grew its holdings in shares of Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after acquiring an additional 79 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after acquiring an additional 89 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after acquiring an additional 90 shares during the last quarter. Private Trust Co. NA grew its holdings in shares of Celestica by 14.1% in the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the last quarter. Finally, Pinpoint Asset Management Ltd grew its holdings in shares of 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 acquiring an additional 182 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. BNP Paribas upgraded Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Argus decreased their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays restated an "overweight" rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. Two equities 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, the company has a consensus rating of "Buy" and an average target price of $116.64.

Celestica Stock Up 1.0%

Shares of Celestica stock traded up $1.60 during midday trading on Tuesday, hitting $155.60. The company's stock had a trading volume of 2,983,126 shares, compared to its average volume of 3,386,031. The firm has a market capitalization of $17.89 billion, a P/E ratio of 42.87 and a beta of 1.81. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $160.63. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The stock has a 50-day simple moving average of $122.08 and a 200-day simple moving average of $107.26.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The firm had revenue of $2.65 billion during 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 for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.83 earnings per share. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share 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.