18,515 Shares in Celestica, Inc. (NYSE:CLS) Bought by Sharpepoint LLC

Sharpepoint LLC bought a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 18,515 shares of the technology company's stock, valued at approximately $1,612,000.

A number of other large investors also recently modified their holdings of the business. Rothschild Investment LLC bought a new position in Celestica in the 1st quarter valued at about $26,000. ORG Partners LLC bought a new stake in Celestica during the first quarter worth approximately $29,000. Center for Financial Planning Inc. acquired a new stake in Celestica in the first quarter worth approximately $30,000. Pinpoint Asset Management Ltd boosted its stake in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in shares of Celestica during the 4th quarter valued at $42,000. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLS has been the subject of several research analyst reports. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, CIBC reduced their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. 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 company. According to data from MarketBeat, Celestica presently has an average rating of "Buy" and a consensus price target of $116.64.

Celestica Stock Down 1.3%

NYSE:CLS traded down $2.11 on Thursday, hitting $158.80. 3,545,403 shares of the company's stock traded hands, compared to its average volume of 3,408,945. The company has a market cap of $18.26 billion, a PE ratio of 42.12 and a beta of 1.81. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $164.00. 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 firm has a 50-day moving average price of $126.36 and a 200-day moving average price of $108.39.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business earned $0.83 EPS. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. Equities analysts anticipate 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.