MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 13,706 Shares of Celestica Inc. (NYSE:CLS)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 12.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 124,991 shares of the technology company's stock after acquiring an additional 13,706 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.11% of Celestica worth $11,539,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its holdings in shares of Celestica by 151.3% during the third quarter. Barclays PLC now owns 51,848 shares of the technology company's stock worth $2,651,000 after purchasing an additional 31,219 shares during the last quarter. Hennessy Advisors Inc. grew its holdings in Celestica by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 220,200 shares of the technology company's stock valued at $20,324,000 after buying an additional 14,000 shares during the period. Oak Ridge Investments LLC acquired a new position in shares of Celestica during the 4th quarter valued at about $2,291,000. Annex Advisory Services LLC purchased a new position in shares of Celestica during the 4th quarter worth about $265,000. Finally, UMB Bank n.a. boosted its position in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after acquiring an additional 288 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. CIBC cut their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Finally, Barclays cut their price target on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $109.55.

Celestica Stock Up 1.1%

Shares of Celestica stock traded up $1.18 during trading on Tuesday, hitting $112.78. 3,206,459 shares of the stock traded hands, compared to its average volume of 3,213,765. The stock has a market cap of $13.04 billion, a P/E ratio of 30.16 and a beta of 1.65. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company has a fifty day moving average price of $88.35 and a two-hundred day moving average price of $96.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The firm had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the company earned $0.83 EPS. The company's revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts predict 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.