Point72 Hong Kong Ltd Makes New $2.24 Million Investment in Celestica Inc. (NYSE:CLS)

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Barclays PLC grew its holdings in Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock worth $2,651,000 after acquiring an additional 31,219 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Celestica during the 4th quarter worth approximately $946,000. Hennessy Advisors Inc. lifted its position in shares of Celestica by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 220,200 shares of the technology company’s stock worth $20,324,000 after buying an additional 14,000 shares during the last quarter. Oak Ridge Investments LLC purchased a new stake in shares of Celestica during the 4th quarter worth approximately $2,291,000. Finally, Annex Advisory Services LLC purchased a new stake in shares of Celestica during the 4th quarter worth approximately $265,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 1.7%

CLS stock opened at $111.49 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company has a market cap of $12.89 billion, a price-to-earnings ratio of 29.81 and a beta of 1.65. The company has a fifty day moving average price of $87.39 and a 200 day moving average price of $95.44. Celestica Inc. has a 12 month low of $40.25 and a 12 month 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 (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $2.65 billion for 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%. Celestica’s revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.83 EPS. Sell-side analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently weighed in on CLS shares. CIBC reduced their price objective on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Royal Bank of Canada restated an “outperform” rating and set a $120.00 price objective on shares of Celestica in a research report on Monday, April 28th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $109.55.

Celestica Profile

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.