Sharpepoint LLC Takes $1.61 Million Position in Celestica, Inc. (NYSE:CLS)

Sharpepoint LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,515 shares of the technology company's stock, valued at approximately $1,612,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after buying an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership grew its position in Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the period. FIL Ltd grew its position in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after buying an additional 3,406,723 shares during the period. Invesco Ltd. grew its position in Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after buying an additional 494,542 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in Celestica by 49.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after buying an additional 719,805 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on CLS. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Barclays reaffirmed an "overweight" rating and set a $146.00 price objective (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Finally, Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a report on Monday, April 28th. Two 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's stock. According to MarketBeat.com, Celestica has an average rating of "Buy" and an average target price of $116.64.

Celestica Trading Up 1.3%

Shares of Celestica stock traded up $2.14 on Friday, hitting $160.97. The stock had a trading volume of 1,463,272 shares, compared to its average volume of 3,401,384. The stock has a market cap of $18.51 billion, a price-to-earnings ratio of 44.38 and a beta of 1.81. The stock's 50-day simple moving average is $126.36 and its two-hundred day simple moving average is $108.39. Celestica, Inc. has a one year low of $40.25 and a one year high of $163.95. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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 business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The firm's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. As a group, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS 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.