Ewing Morris & Co. Investment Partners Ltd. purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,045 shares of the technology company's stock, valued at approximately $373,000.
Other institutional investors also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. 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 buying an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $42,000. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $51,000. Finally, IFP Advisors Inc boosted its stake in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after buying an additional 368 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.
Wall Street Analyst Weigh In
A number of research firms have commented on CLS. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Barclays decreased their target price on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Celestica currently has an average rating of "Moderate Buy" and an average target price of $105.42.
View Our Latest Stock Analysis on CLS
Celestica Trading Down 3.4%
Shares of NYSE CLS traded down $3.30 during mid-day trading on Friday, hitting $93.03. 2,692,143 shares of the company traded hands, compared to its average volume of 3,175,062. The business has a 50 day moving average of $85.52 and a two-hundred day moving average of $94.72. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 24.87 and a beta of 1.65. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 earnings per share. On average, sell-side analysts anticipate that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.
About Celestica
(
Free Report)
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.
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