Moloney Securities Asset Management LLC Has $667,000 Stock Position in Celestica, Inc. (NYSE:CLS)

Moloney Securities Asset Management LLC lifted its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 45.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,463 shares of the technology company's stock after acquiring an additional 2,643 shares during the quarter. Moloney Securities Asset Management LLC's holdings in Celestica were worth $667,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CLS. Consolidated Planning Corp bought a new stake in shares of Celestica in the 1st quarter worth approximately $3,361,000. Raymond James Financial Inc. bought a new stake in shares of Celestica in the 4th quarter worth approximately $47,685,000. Summerhill Capital Management lnc. bought a new stake in shares of Celestica in the 1st quarter worth approximately $2,283,000. Mackenzie Financial Corp lifted its holdings in shares of Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after purchasing an additional 214,872 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in shares of Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock worth $20,217,000 after purchasing an additional 30,851 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CLS shares. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 target price on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Finally, CIBC cut their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note 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, Celestica has a consensus rating of "Buy" and an average target price of $116.64.

Celestica Price Performance

Shares of NYSE CLS traded up $2.25 during mid-day trading on Friday, reaching $161.08. The company had a trading volume of 2,183,425 shares, compared to its average volume of 3,409,155. The stock has a market cap of $18.52 billion, a PE ratio of 44.37 and a beta of 1.81. Celestica, Inc. has a 1-year low of $40.25 and a 1-year high of $163.95. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company has a 50-day moving average price of $127.70 and a two-hundred day moving average price of $108.82.

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, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.83 earnings per share. On average, equities analysts anticipate 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.