Intact Investment Management Inc. Invests $2.04 Million in Celestica, Inc. (NYSE:CLS)

Intact Investment Management Inc. bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,830 shares of the technology company's stock, valued at approximately $2,038,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Rothschild Investment LLC acquired a new stake in Celestica in the first quarter worth approximately $26,000. Pinpoint Asset Management Ltd lifted its position 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 valued at $32,000 after acquiring an additional 182 shares during the last quarter. ORG Partners LLC acquired a new stake in shares of Celestica during the 1st quarter valued at $29,000. Bessemer Group Inc. acquired a new stake in shares of Celestica during the 4th quarter valued at $42,000. Finally, IFP Advisors Inc lifted its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after acquiring an additional 368 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Down 0.7%

Shares of Celestica stock traded down $0.99 during midday trading on Friday, hitting $135.27. The company's stock had a trading volume of 2,590,140 shares, compared to its average volume of 3,316,366. The firm has a market capitalization of $15.55 billion, a P/E ratio of 37.26 and a beta of 1.74. The stock has a 50-day simple moving average of $107.37 and a 200-day simple moving average of $102.81. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The business 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 business posted $0.83 earnings per share. Celestica's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CLS shares. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Barclays reiterated an "overweight" rating and set a $146.00 price objective (up previously from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Royal Bank Of Canada reiterated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Celestica presently has an average rating of "Buy" and a consensus target price of $116.64.

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.