Brevan Howard Capital Management LP bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 71,651 shares of the technology company's stock, valued at approximately $6,604,000. Brevan Howard Capital Management LP owned 0.06% of Celestica at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at approximately $30,000. Pinpoint Asset Management Ltd boosted its holdings 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 during the period. Bessemer Group Inc. bought a new stake in shares of Celestica during the fourth quarter worth $42,000. R Squared Ltd acquired a new stake in shares of Celestica during the fourth quarter worth $51,000. Finally, IFP Advisors Inc lifted its position in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after acquiring an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on the company. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 target price on shares of Celestica in a research report on Monday, April 28th. CIBC reduced their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Barclays lowered their price objective on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. Finally, Stifel Nicolaus increased their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.42.
Check Out Our Latest Research Report on Celestica
Insider Buying and Selling
In other news, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now owns 110,426 shares in the company, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.00% of the stock is currently owned by insiders.
Celestica Stock Performance
Celestica stock traded down $0.26 during midday trading on Thursday, reaching $96.30. 3,036,445 shares of the company's stock were exchanged, compared to its average volume of 3,161,199. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock's 50-day simple moving average is $85.46 and its 200 day simple moving average is $94.02. The firm has a market cap of $11.17 billion, a price-to-earnings ratio of 25.75 and a beta of 1.65. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The business had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same period in the previous year, the firm earned $0.83 EPS. The firm's revenue was up 19.9% compared to the same quarter last year. On average, analysts expect 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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