Stephens Inc. AR decreased its holdings in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. First Horizon Corp bought a new stake in Celestica during the 3rd quarter valued at approximately $31,000. Atlantic Edge Private Wealth Management LLC bought a new stake in Celestica during the 4th quarter valued at approximately $38,000. Fifth Third Bancorp boosted its stake in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after purchasing an additional 56 shares during the period. LRI Investments LLC bought a new stake in Celestica during the 3rd quarter valued at approximately $44,000. Finally, Pinney & Scofield Inc. grew its position in Celestica by 20.0% in the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after purchasing an additional 30 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 company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. The company has a market capitalization of $41.22 billion, a PE ratio of 43.35, a price-to-earnings-growth 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. The business has a 50 day simple moving average of $332.46 and a 200 day simple moving average of $316.48.
Wall Street Analyst Weigh In
Several research firms have issued reports on CLS. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and raised their price target for the stock from $350.00 to $430.00 in a research report on Wednesday, April 29th. Canaccord Genuity Group raised their price target on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Canadian Imperial Bank of Commerce restated an “outperform” rating and issued a $480.00 price target on shares of Celestica in a research report on Wednesday, April 29th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price objective on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average target price 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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