Stephens Inc. AR lessened its stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 27.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,169 shares of the technology company’s stock after selling 6,434 shares during the quarter. Stephens Inc. AR’s holdings in Celestica were worth $5,075,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Allianz Asset Management GmbH raised its stake in Celestica by 7.3% during the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock worth $83,044,000 after acquiring an additional 22,863 shares in the last quarter. Spark Investment Management LLC grew its holdings in shares of Celestica by 17.4% during the third quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock worth $6,643,000 after purchasing an additional 4,000 shares during the last quarter. Spire Wealth Management grew its holdings in shares of Celestica by 354.3% during the fourth quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock worth $1,767,000 after purchasing an additional 4,663 shares during the last quarter. William Blair Investment Management LLC bought a new stake in shares of Celestica during the third quarter worth about $28,924,000. Finally, Plato Investment Management Ltd grew its holdings in shares of Celestica by 154.5% during the third quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock worth $3,676,000 after purchasing an additional 9,135 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.
Celestica Price Performance
Celestica stock opened at $358.50 on Monday. The stock’s 50 day moving average is $332.46 and its 200 day moving average is $316.48. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The firm has a market cap of $41.22 billion, a P/E ratio of 43.35, a P/E/G ratio of 0.83 and a beta of 2.09. Celestica, Inc. has a one year low of $109.09 and a one year high of $435.00.
Analysts Set New Price Targets
CLS has been the topic of several research reports. TD boosted their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus set a $445.00 price target on Celestica in a report on Tuesday, April 28th. Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. UBS Group boosted their price target on Celestica from $355.00 to $400.00 and gave the stock a “neutral” rating in a report on Wednesday, April 29th. Finally, Aletheia Capital boosted their price target on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $427.42.
Check Out Our Latest Research Report on CLS
Celestica Profile
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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