28,913 Shares in Celestica, Inc. (NYSE:CLS) Acquired by Summerhill Capital Management lnc.

Summerhill Capital Management lnc. purchased 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 13F filing with the Securities & Exchange Commission. The institutional investor purchased 28,913 shares of the technology company's stock, valued at approximately $2,283,000. Celestica accounts for 3.1% of Summerhill Capital Management lnc.'s holdings, making the stock its 13th biggest position.

A number of other large investors have also added to or reduced their stakes in CLS. FMR LLC raised its holdings in shares of Celestica by 91.2% in the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after acquiring an additional 1,401,877 shares during the period. FIL Ltd lifted its holdings 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 purchasing an additional 3,406,723 shares during the last quarter. Invesco Ltd. boosted 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 worth $271,622,000 after purchasing an additional 494,542 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Celestica by 49.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after purchasing an additional 719,805 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Price Performance

NYSE CLS traded up $5.35 during trading hours on Wednesday, reaching $149.19. 4,842,500 shares of the stock traded hands, compared to its average volume of 3,326,638. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The stock has a 50 day simple moving average of $109.71 and a two-hundred day simple moving average of $103.38. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $152.18. The company has a market cap of $17.16 billion, a price-to-earnings ratio of 41.10 and a beta of 1.74.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion during 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 revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 earnings per share. On average, analysts predict that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on CLS shares. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. CIBC dropped their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. JPMorgan Chase & Co. raised their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Finally, Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $116.64.

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.