Swiss National Bank Has $26.14 Million Position in Celestica, Inc. (NYSE:CLS)

Swiss National Bank increased its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 43.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 331,100 shares of the technology company's stock after acquiring an additional 100,500 shares during the quarter. Swiss National Bank owned about 0.29% of Celestica worth $26,138,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CLS. Bank of Nova Scotia acquired a new position in shares of Celestica during the 4th quarter worth approximately $367,000. Raymond James Financial Inc. bought a new stake in Celestica in the 4th quarter valued at $47,685,000. Bessemer Group Inc. bought a new stake in Celestica in the 4th quarter valued at $42,000. Townsquare Capital LLC boosted its stake in Celestica by 61.3% in the 4th quarter. Townsquare Capital LLC now owns 6,369 shares of the technology company's stock valued at $588,000 after purchasing an additional 2,421 shares during the period. Finally, Barclays PLC boosted its stake in Celestica by 32.9% in the 4th quarter. Barclays PLC now owns 68,886 shares of the technology company's stock valued at $6,359,000 after purchasing an additional 17,038 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of Celestica stock traded down $1.13 during trading on Friday, reaching $195.51. 2,428,296 shares of the company's stock were exchanged, compared to its average volume of 4,372,553. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a 1-year low of $40.65 and a 1-year high of $218.80. The company has a market cap of $22.49 billion, a P/E ratio of 42.32 and a beta of 1.80. The firm's 50-day moving average price is $162.95 and its 200 day moving average price is $122.20.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the previous year, the firm earned $0.91 EPS. Celestica's revenue was up 21.0% on a year-over-year basis. As a group, research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. boosted their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada boosted their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Finally, Canaccord Genuity Group boosted their price target on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $168.92.

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.