K.J. Harrison & Partners Inc Lowers Stock Holdings in Celestica, Inc. (NYSE:CLS)

K.J. Harrison & Partners Inc lessened its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 53.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the technology company's stock after selling 15,000 shares during the quarter. K.J. Harrison & Partners Inc's holdings in Celestica were worth $1,027,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in shares of Celestica during the 1st quarter worth $26,000. Pinpoint Asset Management Ltd raised its stake 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 purchasing an additional 182 shares during the period. ORG Partners LLC purchased a new position in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. acquired a new position in Celestica in the 1st quarter valued at about $30,000. Finally, Bessemer Group Inc. purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $42,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Barclays reiterated an "overweight" rating and set a $146.00 price target (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two equities research 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 data from MarketBeat.com, Celestica has an average rating of "Buy" and a consensus price target of $116.64.

Celestica Stock Up 2.5%

NYSE CLS traded up $3.79 on Monday, hitting $156.46. 2,803,775 shares of the stock were exchanged, compared to its average volume of 3,347,764. The company has a market cap of $17.99 billion, a PE ratio of 43.10 and a beta of 1.74. The company has a 50-day moving average price of $113.77 and a 200-day moving average price of $104.75. 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 fifty-two week low of $40.25 and a fifty-two week high of $157.32.

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