Ausbil Investment Management Ltd decreased its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 59.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,028 shares of the technology company's stock after selling 13,268 shares during the quarter. Ausbil Investment Management Ltd's holdings in Celestica were worth $711,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Rothschild Investment LLC acquired a new stake in Celestica in the first quarter worth $26,000. ORG Partners LLC acquired a new stake in Celestica during the 1st quarter worth $29,000. Center for Financial Planning Inc. bought a new position in Celestica during the first quarter worth about $30,000. Pinpoint Asset Management Ltd lifted its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares in the last quarter. Finally, Bessemer Group Inc. acquired a new position in Celestica in the fourth quarter valued at about $42,000. Institutional investors and hedge funds own 67.38% of the company's stock.
Celestica Price Performance
Celestica stock opened at $135.27 on Monday. The stock's 50 day moving average is $107.37 and its 200-day moving average is $102.81. The company has a market capitalization of $15.55 billion, a price-to-earnings ratio of 37.26 and a beta of 1.74. Celestica, Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its 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. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The firm had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter in the prior year, the business posted $0.83 EPS. The business's revenue was up 19.9% compared to the same quarter last year. Equities research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on CLS shares. Barclays reiterated an "overweight" rating and set a $146.00 price objective (up previously from $126.00) on shares of Celestica in a report on Tuesday, June 10th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Argus lowered 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. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. raised their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Celestica has a consensus rating of "Buy" and a consensus target price of $116.64.
Check Out Our Latest Report on CLS
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.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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