42,650 Shares in Celestica, Inc. (NYSE:CLS) Acquired by Consolidated Planning Corp

Consolidated Planning Corp purchased a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 42,650 shares of the technology company's stock, valued at approximately $3,361,000.

Several other institutional investors and hedge funds have also made changes to their positions in CLS. Rothschild Investment LLC purchased a new position in Celestica during the 1st quarter worth approximately $26,000. ORG Partners LLC acquired a new stake in shares of Celestica in the first quarter worth $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica during the first quarter worth $30,000. Pinpoint Asset Management Ltd raised its holdings in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the last quarter. Finally, Bessemer Group Inc. acquired a new position in Celestica during the fourth quarter valued at $42,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE:CLS traded up $1.27 during midday trading on Thursday, reaching $150.31. 3,009,797 shares of the company's stock traded hands, compared to its average volume of 3,334,865. The company has a fifty day simple moving average of $112.40 and a two-hundred day simple moving average of $104.11. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $152.93. The company has a market cap of $17.28 billion, a P/E ratio of 41.41 and a beta of 1.74. 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 (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company's revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm posted $0.83 earnings per share. Equities analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on CLS shares. Argus cut their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Barclays reiterated an "overweight" rating and set a $146.00 price target (up from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $116.64.

About Celestica

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.