Forsta AP Fonden Buys Shares of 59,300 Celestica, Inc. (NYSE:CLS)

Key Points

• Forsta AP Fonden has acquired 59,300 shares of Celestica, Inc. valued at approximately $4.7 million, representing about 0.05% of the company's stock as of their latest SEC filing.
• Celestica's stock has experienced strong price movements, with analysts raising price targets significantly, ranging from $120.00 to $240.00, and maintaining a consensus "Buy" rating.
• The company operates in supply chain solutions across multiple regions and has a current market cap of $23.93 billion, with shares historically ranging between $40.65 and $214.47 over the past year.

Forsta AP Fonden bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 59,300 shares of the technology company's stock, valued at approximately $4,677,000. Forsta AP Fonden owned about 0.05% of Celestica at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Consolidated Planning Corp acquired a new position in Celestica in the 1st quarter valued at $3,361,000. Summerhill Capital Management lnc. purchased a new position in shares of Celestica in the first quarter worth about $2,283,000. Mackenzie Financial Corp boosted its position in Celestica by 39.3% during the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after acquiring an additional 214,872 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Celestica during the 1st quarter valued at about $819,000. Finally, Symmetry Investments LP purchased a new stake in Celestica during the 4th quarter valued at about $3,757,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

CLS has been the topic of a number of research reports. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Royal Bank Of Canada lifted their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Argus dropped their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Finally, BMO Capital Markets reissued an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Celestica currently has a consensus rating of "Buy" and a consensus price target of $168.92.

Celestica Trading Up 4.4%

CLS traded up $8.94 on Tuesday, hitting $213.54. The company had a trading volume of 2,714,969 shares, compared to its average volume of 4,194,509. The company's fifty day moving average price is $159.71 and its 200 day moving average price is $120.87. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $214.47. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm has a market cap of $24.56 billion, a P/E ratio of 46.22 and a beta of 1.80.

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.