Celestica Inc. (NYSE:CLS) Shares Acquired by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC boosted its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 229.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,900 shares of the technology company’s stock after acquiring an additional 5,500 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in Celestica were worth $231,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Celestica by 50.9% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,094,994 shares of the technology company’s stock worth $149,153,000 after purchasing an additional 2,054,918 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Celestica by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company’s stock valued at $90,831,000 after purchasing an additional 47,619 shares during the period. WCM Investment Management LLC bought a new stake in shares of Celestica during the fourth quarter valued at approximately $67,832,000. Shannon River Fund Management LLC acquired a new position in shares of Celestica during the third quarter worth approximately $41,565,000. Finally, Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Celestica by 21.0% in the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,412,581 shares of the technology company’s stock worth $34,692,000 after buying an additional 244,884 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLS. BMO Capital Markets increased their price target on Celestica from $37.00 to $48.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. TD Securities increased their price objective on shares of Celestica from $33.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus boosted their target price on Celestica from $48.00 to $51.00 and gave the stock a “hold” rating in a report on Monday, May 13th. StockNews.com upgraded Celestica from a “hold” rating to a “buy” rating in a research report on Thursday, May 16th. Finally, Royal Bank of Canada boosted their price objective on Celestica from $47.00 to $53.00 and gave the stock an “outperform” rating in a research note on Sunday, April 28th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.56.

Celestica Trading Up 3.3 %

Shares of CLS stock traded up $1.77 during trading hours on Thursday, reaching $55.65. 2,509,286 shares of the stock traded hands, compared to its average volume of 2,280,145. The business has a fifty day moving average price of $46.45 and a 200 day moving average price of $37.34. The firm has a market capitalization of $6.61 billion, a PE ratio of 21.28 and a beta of 2.25. The company has a quick ratio of 0.78, a current ratio of 1.42 and a debt-to-equity ratio of 0.45. Celestica Inc. has a 1-year low of $11.13 and a 1-year high of $57.13.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings results on Wednesday, April 24th. The technology company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.02. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.10 billion. Celestica had a return on equity of 18.25% and a net margin of 3.86%. On average, equities research analysts forecast that Celestica Inc. will post 2.87 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.