Massachusetts Financial Services Co. MA Invests $20.23 Million in Celestica, Inc. (NYSE:CLS)

Massachusetts Financial Services Co. MA acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 256,683 shares of the technology company's stock, valued at approximately $20,229,000. Massachusetts Financial Services Co. MA owned about 0.22% of Celestica at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in Celestica by 75.5% in the first quarter. SBI Securities Co. Ltd. now owns 5,305 shares of the technology company's stock valued at $418,000 after acquiring an additional 2,282 shares during the last quarter. Signaturefd LLC increased its stake in Celestica by 11.1% in the first quarter. Signaturefd LLC now owns 3,829 shares of the technology company's stock valued at $302,000 after acquiring an additional 383 shares during the last quarter. CWM LLC increased its stake in Celestica by 603.7% in the first quarter. CWM LLC now owns 1,921 shares of the technology company's stock valued at $151,000 after acquiring an additional 1,648 shares during the last quarter. Berbice Capital Management LLC bought a new position in Celestica in the first quarter valued at approximately $229,000. Finally, SteelPeak Wealth LLC increased its stake in Celestica by 67.7% in the first quarter. SteelPeak Wealth LLC now owns 15,990 shares of the technology company's stock valued at $1,260,000 after acquiring an additional 6,453 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Trading Up 2.2%

Shares of NYSE:CLS traded up $3.45 during mid-day trading on Monday, reaching $163.57. 2,071,980 shares of the company's stock were exchanged, compared to its average volume of 3,413,867. The firm has a market capitalization of $18.81 billion, a price-to-earnings ratio of 45.17 and a beta of 1.81. The business's fifty day moving average price is $134.34 and its 200-day moving average price is $111.35. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.43. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $165.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. Celestica's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. On average, research analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CLS shares. Barclays reaffirmed an "overweight" rating and set a $146.00 target price (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Argus decreased their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $115.00 to $170.00 and gave the stock an "overweight" rating in a research note on Thursday. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $125.83.

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.