Celestica, Inc. (NYSE:CLS) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 144,083 shares of the technology company’s stock after purchasing an additional 12,279 shares during the period. Envestnet Asset Management Inc. owned 0.12% of Celestica worth $11,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in shares of Celestica in the first quarter valued at approximately $26,000. Pinpoint Asset Management Ltd boosted its stake in shares of Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. ORG Partners LLC purchased a new position in shares of Celestica in the first quarter valued at approximately $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica in the first quarter valued at approximately $30,000. Finally, Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter valued at approximately $42,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLS has been the subject of several research analyst reports. Argus lowered their target price on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Royal Bank Of Canada restated an “outperform” rating and set a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. BMO Capital Markets restated an “outperform” rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Barclays restated an “overweight” rating and issued a $146.00 target price (up from $126.00) on shares of Celestica in a report on Tuesday, June 10th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $121.64.

Celestica Price Performance

Shares of CLS stock opened at $160.14 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $165.83. The company has a market cap of $18.41 billion, a P/E ratio of 44.12 and a beta of 1.81. The business has a fifty day simple moving average of $134.34 and a 200 day simple moving average of $111.22.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The company had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal year.

About Celestica

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.