40,000 Shares in Celestica, Inc. (NYSE:CLS) Acquired by Robeco Schweiz AG

Robeco Schweiz AG acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 40,000 shares of the technology company's stock, valued at approximately $3,152,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CLS. Rothschild Investment LLC purchased a new stake in Celestica in the first quarter worth about $26,000. ORG Partners LLC bought a new position in shares of Celestica in the first quarter worth approximately $29,000. Center for Financial Planning Inc. purchased a new stake in Celestica during the 1st quarter valued at $30,000. Pinpoint Asset Management Ltd raised its position in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares during the period. Finally, Bessemer Group Inc. bought a new position in Celestica in the fourth quarter worth approximately $42,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Barclays reissued an "overweight" rating and issued a $146.00 price objective (up from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Royal Bank Of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Argus reduced their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $116.64.

Celestica Trading Up 1.4%

Shares of Celestica stock traded up $2.25 during trading on Friday, hitting $161.08. The stock had a trading volume of 2,183,425 shares, compared to its average volume of 3,409,155. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $163.95. The firm's fifty day simple moving average is $127.70 and its 200-day simple moving average is $108.82. The stock has a market cap of $18.52 billion, a PE ratio of 44.37 and a beta of 1.81. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating 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 company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the business posted $0.83 EPS. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. As a group, sell-side analysts expect that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

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.