Diversify Advisory Services LLC Takes $801,000 Position in Celestica, Inc. (NYSE:CLS)

Diversify Advisory Services LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 9,197 shares of the technology company's stock, valued at approximately $801,000.

A number of other large investors also recently modified their holdings of CLS. Rothschild Investment LLC acquired a new position in Celestica during the first quarter worth about $26,000. Pinpoint Asset Management Ltd grew its holdings in 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 acquiring an additional 182 shares during the period. ORG Partners LLC acquired a new position in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new position in Celestica during the first quarter worth about $30,000. Finally, Bessemer Group Inc. acquired a new position in Celestica during the fourth quarter worth about $42,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. 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. BNP Paribas raised Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Royal Bank Of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Barclays reiterated an "overweight" rating and issued a $146.00 price target (up previously from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Finally, Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Two 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 stock. Based on data from MarketBeat, Celestica currently has a consensus rating of "Buy" and an average price target of $121.64.

Celestica Stock Down 1.7%

NYSE CLS traded down $2.75 during trading on Friday, reaching $160.14. 4,123,372 shares of the company's stock were exchanged, compared to its average volume of 3,418,713. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $165.83. The firm has a market capitalization of $18.41 billion, a PE ratio of 44.12 and a beta of 1.81. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $134.34 and its 200-day simple moving average is $111.22.

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

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.