Little House Capital LLC lowered its position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,796 shares of the technology company’s stock after selling 1,776 shares during the quarter. Little House Capital LLC’s holdings in Celestica were worth $827,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of Celestica by 5,806,149.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after acquiring an additional 3,657,874 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in shares of Celestica by 471.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after acquiring an additional 2,596,318 shares during the period. Viking Global Investors LP purchased a new position in shares of Celestica in the 3rd quarter valued at $424,459,000. BNP Paribas Financial Markets raised its stake in shares of Celestica by 6,788.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock valued at $108,106,000 after acquiring an additional 432,407 shares during the period. Finally, Marshall Wace LLP raised its stake in shares of Celestica by 1,249.0% in the 3rd quarter. Marshall Wace LLP now owns 278,928 shares of the technology company’s stock valued at $68,722,000 after acquiring an additional 258,251 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.
Celestica Price Performance
Shares of CLS stock opened at $339.29 on Wednesday. The firm has a market cap of $39.01 billion, a P/E ratio of 41.03, a P/E/G ratio of 0.80 and a beta of 2.09. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.26 and a quick ratio of 0.73. Celestica, Inc. has a 1-year low of $109.90 and a 1-year high of $435.00. The firm has a fifty day moving average of $335.78 and a two-hundred day moving average of $316.59.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on CLS shares. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. UBS Group raised their price target on shares of Celestica from $355.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating and set a $480.00 price target on shares of Celestica in a report on Wednesday, April 29th. Rothschild & Co Redburn started coverage on shares of Celestica in a report on Friday, May 1st. They set a “buy” rating and a $460.00 price target for the company. Finally, Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $427.42.
Get Our Latest Stock Analysis on Celestica
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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