Deutsche Bank AG lifted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 226.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,442 shares of the technology company's stock after acquiring an additional 14,883 shares during the quarter. Deutsche Bank AG's holdings in Celestica were worth $1,979,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in shares of Celestica by 91.2% in the 4th 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. Arrowstreet Capital Limited Partnership raised its position in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after buying an additional 1,401,877 shares during the last quarter. FIL Ltd boosted its holdings in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock worth $271,622,000 after buying an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Celestica by 49.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after acquiring an additional 719,805 shares during 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 weighed in on CLS. JPMorgan Chase & Co. boosted 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. Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Argus decreased their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Wall Street Zen downgraded shares of Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $114.82.
Read Our Latest Stock Report on CLS
Celestica Trading Down 1.5%
Shares of NYSE:CLS traded down $1.76 during trading on Thursday, reaching $116.36. 3,653,163 shares of the company traded hands, compared to its average volume of 3,247,913. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The firm has a market capitalization of $13.45 billion, a price-to-earnings ratio of 31.11 and a beta of 1.65. The business's fifty day moving average is $92.28 and its 200-day moving average is $98.20.
Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the prior year, the company posted $0.83 EPS. The firm's revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, analysts forecast that Celestica Inc. will post 4.35 EPS for the current 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.
Further Reading
Before you consider Celestica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Celestica wasn't on the list.
While Celestica currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
