Deutsche Bank AG Acquires 14,883 Shares of Celestica Inc. (NYSE:CLS)

Deutsche Bank AG raised its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 226.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,442 shares of the technology company's stock after buying an additional 14,883 shares during the period. Deutsche Bank AG's holdings in Celestica were worth $1,979,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Peregrine Capital Management LLC acquired a new position in Celestica during the fourth quarter worth $30,000. Pinpoint Asset Management Ltd increased its stake in shares of Celestica by 109.6% during the 4th 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. Bessemer Group Inc. bought a new stake in shares of Celestica in the 4th quarter valued at about $42,000. R Squared Ltd bought a new stake in shares of Celestica in the 4th quarter valued at about $51,000. Finally, IFP Advisors Inc lifted its stake in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Barclays cut their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. BMO Capital Markets restated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Stock Performance

Shares of CLS traded down $0.67 during mid-day trading on Tuesday, hitting $118.80. 3,455,101 shares of the company's stock were exchanged, compared to its average volume of 3,239,152. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market cap of $13.73 billion, a price-to-earnings ratio of 31.76 and a beta of 1.65. The stock's 50-day simple moving average is $91.04 and its 200-day simple moving average is $97.69. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same period in the prior year, the company posted $0.83 earnings per share. The business's revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts expect that Celestica Inc. will post 4.35 EPS 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.