24,274 Shares in Celestica Inc. (NYSE:CLS) Purchased by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 24,274 shares of the technology company’s stock, valued at approximately $2,241,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC increased its position in Celestica by 91.2% during the fourth 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 during the last quarter. Arrowstreet Capital Limited Partnership increased its position in Celestica by 64.6% during the fourth 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 during the last quarter. FIL Ltd increased its position 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. increased its position in Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company’s stock worth $271,622,000 after purchasing 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. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Down 1.7%

Shares of CLS stock opened at $111.49 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $12.89 billion, a P/E ratio of 29.81 and a beta of 1.65. The company has a 50 day moving average price of $87.39 and a 200 day moving average price of $95.44. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings data 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 firm had revenue of $2.65 billion during 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 business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 earnings per share. Equities research analysts predict that Celestica Inc. will post 4.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CLS. Argus dropped their price target 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. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $120.00 price target on shares of Celestica in a research report on Monday, April 28th. Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays dropped their price target on shares of Celestica from $157.00 to $126.00 and set an “overweight” rating for the company in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $109.55.

About Celestica

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.