BW Gestao de Investimentos Ltda. Raises Stock Holdings in Celestica Inc. (NYSE:CLS)

BW Gestao de Investimentos Ltda. raised its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 60,742 shares of the technology company’s stock after purchasing an additional 11,942 shares during the quarter. BW Gestao de Investimentos Ltda. owned 0.05% of Celestica worth $5,606,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in Celestica in the 4th quarter worth approximately $30,000. Pinpoint Asset Management Ltd boosted its holdings in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the last quarter. Bessemer Group Inc. acquired a new stake in Celestica during the 4th quarter worth about $42,000. R Squared Ltd purchased a new position in shares of Celestica during the 4th quarter valued at about $51,000. Finally, IFP Advisors Inc lifted its holdings in shares of Celestica by 122.7% in the 4th 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 period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Up 5.4 %

Shares of CLS opened at $94.03 on Friday. The stock has a 50 day moving average price of $86.23 and a 200 day moving average price of $93.23. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. 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 $10.90 billion, a price-to-earnings ratio of 25.14 and a beta of 1.65.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.56 billion. During the same period in the prior year, the business earned $0.83 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Equities research analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus boosted their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Argus lowered their price target on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada reiterated an “outperform” rating and issued a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. Finally, Barclays dropped their target price on Celestica from $157.00 to $126.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.42.

Insider Buying and Selling at Celestica

In other news, insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at approximately $1,127,910.72. The trade was a 90.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 90,771 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,099,477.88. The disclosure for this sale can be found here. Insiders sold a total of 853,591 shares of company stock worth $106,369,812 in the last three months. 1.00% of the stock is owned by corporate insiders.

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.