US Bancorp DE Purchases 3,072 Shares of Celestica, Inc. (NYSE:CLS)

US Bancorp DE lifted its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 116.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,715 shares of the technology company’s stock after acquiring an additional 3,072 shares during the period. US Bancorp DE’s holdings in Celestica were worth $450,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Consolidated Planning Corp bought a new stake in shares of Celestica during the 1st quarter worth approximately $3,361,000. Summerhill Capital Management lnc. bought a new position in Celestica in the 1st quarter valued at approximately $2,283,000. Mackenzie Financial Corp lifted its stake in Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company’s stock valued at $70,164,000 after purchasing an additional 214,872 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Celestica in the 1st quarter valued at approximately $819,000. Finally, Symmetry Investments LP bought a new position in Celestica in the 4th quarter valued at approximately $3,757,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 4.4%

CLS opened at $213.54 on Wednesday. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $214.47. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The company has a fifty day moving average of $159.71 and a 200-day moving average of $120.87. The stock has a market cap of $24.56 billion, a PE ratio of 46.22 and a beta of 1.80.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same period in the prior year, the company posted $0.91 earnings per share. Celestica’s revenue for the quarter was up 21.0% compared to the same quarter last year. On average, sell-side analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

CLS has been the subject of several research reports. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Canaccord Genuity Group increased their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a “buy” rating in a research note on Wednesday, July 30th. Citigroup increased their price objective on shares of Celestica from $172.00 to $212.00 and gave the company a “neutral” rating in a research note on Wednesday, July 30th. Finally, Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a research note on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average price target 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.