Celestica Inc. (NYSE:CLS) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp increased its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 39.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 761,084 shares of the technology company's stock after buying an additional 214,872 shares during the period. Mackenzie Financial Corp owned about 0.65% of Celestica worth $70,164,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CLS. Barclays PLC increased its stake in Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock worth $2,651,000 after buying an additional 31,219 shares during the period. SG Americas Securities LLC purchased a new stake in Celestica during the 4th quarter worth approximately $162,000. Cornerstone Wealth Management LLC purchased a new stake in Celestica during the 4th quarter worth approximately $385,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Celestica during the fourth quarter worth approximately $302,000. Finally, Blue Trust Inc. increased its stake in shares of Celestica by 9.7% during the fourth quarter. Blue Trust Inc. now owns 15,831 shares of the technology company's stock worth $1,461,000 after buying an additional 1,398 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of recent research reports. Barclays cut their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. 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 note on Monday, April 28th. Wall Street Zen lowered shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada restated an "outperform" rating and set a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $114.82.

Celestica Stock Down 0.6%

CLS traded down $0.69 on Wednesday, reaching $118.19. The company's stock had a trading volume of 2,909,467 shares, compared to its average volume of 3,239,803. The company has a market capitalization of $13.66 billion, a price-to-earnings ratio of 31.60 and a beta of 1.65. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock has a 50 day moving average of $91.95 and a two-hundred day moving average of $97.98. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. The business 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 23.34% and a net margin of 4.61%. The company's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, analysts forecast 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.