Fulton Bank N.A. Purchases New Position in Celestica Inc. (NYSE:CLS)

Fulton Bank N.A. acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,580 shares of the technology company's stock, valued at approximately $282,000.

Several other large investors also recently added to or reduced their stakes in the business. FMR LLC grew its holdings in shares of Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after acquiring an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares in the last quarter. FIL Ltd boosted its position in shares of Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Invesco Ltd. boosted its position in shares of Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after purchasing an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Celestica by 49.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after acquiring an additional 719,805 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on CLS. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Barclays lowered their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Argus lowered their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Finally, Wall Street Zen cut Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Price Performance

CLS stock traded up $1.47 during trading on Friday, reaching $120.78. The company's stock had a trading volume of 2,464,284 shares, compared to its average volume of 3,263,430. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. 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 company has a market capitalization of $13.96 billion, a P/E ratio of 32.29 and a beta of 1.65. The company's fifty day moving average is $95.51 and its 200-day moving average is $99.44.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results 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. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. Celestica's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.83 EPS. On average, research analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal 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.