Skandinaviska Enskilda Banken AB publ Makes New $940,000 Investment in Celestica, Inc. (NYSE:CLS)

Skandinaviska Enskilda Banken AB publ bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the first quarter, HoldingsChannel.com reports. The firm bought 11,900 shares of the technology company’s stock, valued at approximately $940,000.

A number of other institutional investors have also bought and sold shares of CLS. FMR LLC raised its position in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares during the period. FIL Ltd grew its position in shares of Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock worth $319,662,000 after buying an additional 3,406,723 shares during the last quarter. Norges Bank purchased a new position in Celestica during the 4th quarter worth $139,008,000. Polar Capital Holdings Plc boosted its stake in Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company’s stock worth $148,416,000 after purchasing an additional 1,433,681 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in Celestica by 799.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company’s stock worth $74,044,000 after acquiring an additional 916,991 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CLS shares. CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a report on Tuesday, April 15th. Royal Bank Of Canada reissued an “outperform” rating and issued a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Barclays reiterated 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. BMO Capital Markets reiterated an “outperform” rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, Argus cut their price target on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Tuesday, April 29th. Three analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.83.

Celestica Stock Performance

NYSE CLS opened at $201.74 on Wednesday. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $208.66. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The company has a market capitalization of $23.20 billion, a PE ratio of 43.67 and a beta of 1.81. The company has a fifty day moving average of $142.85 and a two-hundred day moving average of $114.71.

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.