BW Gestao de Investimentos Ltda. Grows Stock Position in Celestica Inc. (NYSE:CLS)

BW Gestao de Investimentos Ltda. raised its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 24.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,742 shares of the technology company's stock after purchasing an additional 11,942 shares during the quarter. BW Gestao de Investimentos Ltda. owned 0.05% of Celestica worth $5,606,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new position in Celestica in the 4th quarter valued at approximately $30,000. Pinpoint Asset Management Ltd raised its stake in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Celestica during the fourth quarter worth $42,000. R Squared Ltd bought a new stake in shares of Celestica in the fourth quarter worth $51,000. Finally, IFP Advisors Inc increased its holdings in 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 purchasing an additional 368 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CLS has been the topic of a number of analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Argus decreased their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Barclays lowered their target price on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. TD Securities upped their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lifted their price objective on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $105.42.

Celestica Stock Up 1.5 %

CLS traded up $1.40 during trading on Wednesday, hitting $96.59. 2,741,216 shares of the company's stock were exchanged, compared to its average volume of 3,158,057. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock has a market cap of $11.20 billion, a P/E ratio of 25.83 and a beta of 1.65. The business's 50 day moving average is $85.39 and its two-hundred day moving average is $93.75. 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 (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. The company had revenue of $2.65 billion for 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 quarter in the prior year, the business posted $0.83 EPS. As a group, equities analysts expect that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the transaction, the president now owns 110,426 shares of the company's stock, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

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.