SBI Securities Co. Ltd. Buys 2,282 Shares of Celestica, Inc. (NYSE:CLS)

SBI Securities Co. Ltd. grew its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 75.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,305 shares of the technology company's stock after buying an additional 2,282 shares during the period. SBI Securities Co. Ltd.'s holdings in Celestica were worth $418,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new position in Celestica during the first quarter valued at about $26,000. Pinpoint Asset Management Ltd boosted its holdings in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. ORG Partners LLC acquired a new position in Celestica during the 1st quarter worth $29,000. Center for Financial Planning Inc. acquired a new position in Celestica during the 1st quarter worth $30,000. Finally, Bessemer Group Inc. acquired a new position in Celestica during the 4th quarter worth $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on CLS. JPMorgan Chase & Co. upped their target price on shares of Celestica from $115.00 to $170.00 and gave the company an "overweight" rating in a research report on Thursday. BMO Capital Markets restated an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Argus lowered their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Royal Bank Of Canada restated an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Finally, CIBC lowered their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report 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. Based on data from MarketBeat, Celestica presently has an average rating of "Buy" and a consensus target price of $121.64.

Celestica Stock Down 1.7%

CLS stock traded down $2.75 during trading hours on Friday, reaching $160.14. 4,122,621 shares of the stock were exchanged, compared to its average volume of 3,409,748. The firm's 50-day moving average is $132.99 and its 200-day moving average is $110.62. The company has a market cap of $18.41 billion, a price-to-earnings ratio of 44.12 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, Inc. has a 12 month low of $40.25 and a 12 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, topping analysts' consensus estimates of $1.10 by $0.10. The firm had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The company's revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.83 EPS. On average, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current 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.