Vise Technologies Inc. boosted its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 100.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,564 shares of the technology company's stock after acquiring an additional 22,387 shares during the period. Vise Technologies Inc.'s holdings in Celestica were worth $4,113,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Peregrine Capital Management LLC acquired a new position in Celestica during the 4th quarter worth $30,000. Pinpoint Asset Management Ltd raised its position 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 buying an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Celestica during the fourth quarter valued at about $42,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc raised its position in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.
Celestica Stock Performance
NYSE CLS opened at $118.29 on Friday. The stock has a market cap of $13.67 billion, a P/E ratio of 31.63 and a beta of 1.65. The company's 50-day simple moving average is $89.85 and its 200 day simple moving average is $96.96. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. 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, beating analysts' consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. As a group, research analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the stock. Argus cut their price objective 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. BMO Capital Markets upped their price objective on shares of Celestica from $118.00 to $130.00 and gave the company an "outperform" rating in a research report on Thursday. Royal Bank of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $114.82.
Read Our Latest Report on Celestica
Celestica Profile
(
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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