Wealth Enhancement Advisory Services LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,393 shares of the technology company's stock, valued at approximately $405,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Celestica by 91.2% during the 4th quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after purchasing an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares in the last quarter. FIL Ltd raised its stake in shares of Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after acquiring an additional 3,406,723 shares in the last quarter. Invesco Ltd. raised 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 valued at $271,622,000 after acquiring an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Celestica by 49.5% in the 4th 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 in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.
Celestica Price Performance
Shares of NYSE:CLS opened at $125.18 on Friday. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The firm has a market capitalization of $14.47 billion, a PE ratio of 33.47 and a beta of 1.74. The business's 50 day moving average is $101.77 and its 200-day moving average is $100.97. 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 (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.56 billion. During the same quarter last year, the firm earned $0.83 EPS. Celestica's revenue for the quarter was up 19.9% compared to the same quarter last year. Sell-side analysts predict that Celestica Inc. will post 4.35 earnings per share for the current year.
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CLS. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. 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. BMO Capital Markets reissued an "outperform" rating and issued a $130.00 price objective (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $116.64.
Read Our Latest Stock Report on CLS
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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