Point72 Asset Management L.P. Sells 1,020,652 Shares of Celestica Inc. (NYSE:CLS)

Point72 Asset Management L.P. lessened its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 94.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 64,070 shares of the technology company's stock after selling 1,020,652 shares during the period. Point72 Asset Management L.P. owned 0.06% of Celestica worth $5,914,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CLS. Barclays PLC grew its stake in shares of Celestica by 151.3% in the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock valued at $2,651,000 after purchasing an additional 31,219 shares during the last quarter. Annex Advisory Services LLC acquired a new position in shares of Celestica in the fourth quarter worth $265,000. UMB Bank n.a. increased its stake in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Celestica in the fourth quarter valued at $300,000. Finally, Global Trust Asset Management LLC increased its stake in Celestica by 195.0% in the fourth quarter. Global Trust Asset Management LLC now owns 2,950 shares of the technology company's stock valued at $272,000 after purchasing an additional 1,950 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Up 1.1%

NYSE CLS traded up $1.29 on Friday, reaching $119.61. The stock had a trading volume of 2,907,554 shares, compared to its average volume of 3,238,027. The business has a 50 day moving average price of $90.49 and a 200 day moving average price of $97.46. 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 1 year low of $40.25 and a 1 year high of $144.27. The company has a market capitalization of $13.83 billion, a price-to-earnings ratio of 31.98 and a beta of 1.65.

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, 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 company had revenue of $2.65 billion during the quarter, compared to analysts' expectations of $2.56 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The business's quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts forecast that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CLS shares. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research report on Thursday. CIBC lowered 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. Royal Bank of Canada reissued an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. JPMorgan Chase & Co. lifted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. Finally, Argus decreased their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Two equities 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 stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $114.82.

Celestica Profile

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.