Mackenzie Financial Corp Has $12.55 Million Holdings in Celestica, Inc. (NYSE:CLS)

Mackenzie Financial Corp lowered its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 79.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,103 shares of the technology company’s stock after selling 601,981 shares during the quarter. Mackenzie Financial Corp owned 0.14% of Celestica worth $12,550,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CLS. Rothschild Investment LLC purchased a new position in Celestica during the first quarter valued at approximately $26,000. Pinpoint Asset Management Ltd grew its position in Celestica by 109.6% during 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 in the last quarter. ORG Partners LLC purchased a new position in Celestica during the first quarter valued at approximately $29,000. Center for Financial Planning Inc. purchased a new position in Celestica during the first quarter valued at approximately $30,000. Finally, Bessemer Group Inc. purchased a new position in Celestica during the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

CLS stock opened at $199.98 on Friday. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $23.00 billion, a price-to-earnings ratio of 43.29 and a beta of 1.81. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $214.47. The firm has a 50 day moving average of $144.61 and a two-hundred day moving average of $115.31.

Analyst Ratings Changes

A number of brokerages recently commented on CLS. Royal Bank Of Canada boosted their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an “outperform” rating in a research report on Wednesday. Citigroup boosted their price objective on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research report on Wednesday. Barclays boosted their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an “overweight” rating in a research report on Wednesday. BNP Paribas raised shares of Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Finally, CIBC lowered 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. Three equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $168.92.

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.