Zurcher Kantonalbank Zurich Cantonalbank Grows Holdings in Celestica Inc. (NYSE:CLS)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 8.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,540 shares of the technology company’s stock after acquiring an additional 2,071 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Celestica were worth $811,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trexquant Investment LP grew its stake in Celestica by 0.6% in the 3rd quarter. Trexquant Investment LP now owns 88,491 shares of the technology company’s stock valued at $2,170,000 after acquiring an additional 502 shares during the period. Clearstead Advisors LLC acquired a new stake in shares of Celestica in the third quarter valued at about $32,000. Blue Trust Inc. increased its stake in shares of Celestica by 128.6% during the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the technology company’s stock worth $72,000 after purchasing an additional 1,384 shares in the last quarter. Covestor Ltd acquired a new position in shares of Celestica during the 3rd quarter worth about $68,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its stake in Celestica by 11.4% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 27,059 shares of the technology company’s stock valued at $662,000 after buying an additional 2,760 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. CIBC reiterated a “neutral” rating and set a $49.00 price objective (up from $41.00) on shares of Celestica in a research note on Friday. Stifel Nicolaus increased their price objective on Celestica from $36.00 to $48.00 and gave the company a “hold” rating in a research note on Friday. Royal Bank of Canada lifted their target price on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Sunday. BMO Capital Markets upped their target price on shares of Celestica from $37.00 to $48.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. Finally, StockNews.com downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $42.25.

Celestica Trading Up 1.3 %

Shares of CLS opened at $44.03 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 0.78 and a debt-to-equity ratio of 0.45. The firm has a 50-day moving average price of $44.66 and a 200 day moving average price of $34.60. Celestica Inc. has a 12-month low of $10.50 and a 12-month high of $51.12. The firm has a market capitalization of $5.25 billion, a P/E ratio of 16.43 and a beta of 2.22.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.08. The business had revenue of $2.14 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Celestica had a net margin of 3.86% and a return on equity of 18.25%. Sell-side analysts forecast that Celestica Inc. will post 2.59 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.