Celestica Inc. (NYSE:CLS) Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its position in shares of Celestica Inc. (NYSE:CLSFree Report) (TSE:CLS) by 6.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 101,272 shares of the technology company’s stock after acquiring an additional 6,523 shares during the quarter. Janney Montgomery Scott LLC owned about 0.08% of Celestica worth $4,551,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Celestica by 15.2% in the fourth quarter. Vanguard Group Inc. now owns 4,266,526 shares of the technology company’s stock worth $124,924,000 after purchasing an additional 562,157 shares during the period. Point72 Asset Management L.P. lifted its holdings in Celestica by 72.9% in the fourth quarter. Point72 Asset Management L.P. now owns 3,386,709 shares of the technology company’s stock worth $99,163,000 after purchasing an additional 1,428,071 shares during the period. WCM Investment Management LLC lifted its holdings in Celestica by 4.6% in the first quarter. WCM Investment Management LLC now owns 2,398,352 shares of the technology company’s stock worth $107,782,000 after purchasing an additional 105,943 shares during the period. Point72 Hong Kong Ltd lifted its holdings in Celestica by 411.4% in the fourth quarter. Point72 Hong Kong Ltd now owns 1,627,529 shares of the technology company’s stock worth $47,654,000 after purchasing an additional 1,309,257 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Celestica by 12.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,314,600 shares of the technology company’s stock worth $38,491,000 after purchasing an additional 147,417 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Canaccord Genuity Group boosted their price target on shares of Celestica from $48.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Royal Bank of Canada boosted their price target on shares of Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research report on Sunday, April 28th. Fox Advisors started coverage on shares of Celestica in a research report on Wednesday, May 15th. They issued an “overweight” rating and a $60.00 price target on the stock. StockNews.com downgraded Celestica from a “buy” rating to a “hold” rating in a report on Friday, May 24th. Finally, Stifel Nicolaus boosted their price objective on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Monday, May 13th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.22.

View Our Latest Analysis on CLS

Celestica Trading Up 3.7 %

Shares of NYSE CLS opened at $61.45 on Thursday. The stock has a market cap of $7.30 billion, a price-to-earnings ratio of 22.93 and a beta of 2.31. The business has a 50 day simple moving average of $54.52 and a 200 day simple moving average of $44.56. Celestica Inc. has a 52 week low of $15.45 and a 52 week high of $62.09. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.78 and a current ratio of 1.42.

Celestica (NYSE:CLSGet Free Report) (TSE:CLS) last announced its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, beating the consensus estimate of $0.64 by $0.02. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. On average, research analysts predict that Celestica Inc. will post 2.87 earnings per share for the current fiscal year.

About Celestica

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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