Toronto Dominion Bank Increases Stock Position in Celestica Inc. (NYSE:CLS)

Toronto Dominion Bank increased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 702.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 95,173 shares of the technology company's stock after purchasing an additional 83,308 shares during the period. Toronto Dominion Bank owned approximately 0.08% of Celestica worth $8,772,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CLS. Independent Advisor Alliance grew its stake in shares of Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Celestica by 4.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after buying an additional 89 shares in the last quarter. CoreCap Advisors LLC lifted its holdings in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock valued at $162,000 after acquiring an additional 90 shares during the last quarter. Pinpoint Asset Management Ltd grew its position in Celestica by 109.6% in the fourth 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. Finally, NewEdge Advisors LLC grew its position in Celestica by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company's stock worth $498,000 after acquiring an additional 281 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CLS shares. JPMorgan Chase & Co. upped their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a report on Thursday. TD Securities lifted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. CIBC cut their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Finally, Barclays lowered their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Trading Up 1.1%

Shares of CLS traded up $1.29 during trading hours on Monday, reaching $119.61. 2,907,554 shares of the company traded hands, compared to its average volume of 3,238,027. The stock's fifty day moving average price is $90.49 and its 200 day moving average price is $97.46. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market cap of $13.83 billion, a price-to-earnings ratio of 31.98 and a beta of 1.65. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 EPS. Sell-side analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current year.

Celestica 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.