3,000 Shares in Celestica, Inc. (NYSE:CLS) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,000 shares of the technology company's stock, valued at approximately $236,000.

Other large investors have also modified their holdings of the company. FMR LLC increased its holdings in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. FIL Ltd raised its position in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares during the last quarter. Norges Bank bought a new position in Celestica in the 4th quarter valued at $139,008,000. Polar Capital Holdings Plc boosted its stake in Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after purchasing an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Celestica by 64.6% during the fourth 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 during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CLS shares. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. upped their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Argus lowered their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a report on Tuesday, April 29th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, CIBC reduced their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Celestica has an average rating of "Buy" and an average price target of $116.64.

Celestica Price Performance

Shares of NYSE:CLS traded down $5.13 during trading on Monday, hitting $154.13. 3,495,274 shares of the company were exchanged, compared to its average volume of 3,387,639. The business's 50 day moving average is $122.08 and its 200-day moving average is $107.26. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $160.63. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $17.72 billion, a P/E ratio of 42.46 and a beta of 1.81.

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