Brant Point Investment Management LLC Acquires 2,322 Shares of Celestica, Inc. $CLS

Brant Point Investment Management LLC increased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 7.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,348 shares of the technology company’s stock after buying an additional 2,322 shares during the period. Brant Point Investment Management LLC’s holdings in Celestica were worth $5,050,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jump Financial LLC raised its stake in shares of Celestica by 135.1% during the second quarter. Jump Financial LLC now owns 142,506 shares of the technology company’s stock valued at $22,247,000 after acquiring an additional 81,881 shares during the last quarter. Oribel Capital Management LP acquired a new stake in Celestica in the second quarter valued at $12,879,000. Ardmore Road Asset Management LP acquired a new stake in Celestica in the second quarter valued at $15,611,000. Nkcfo LLC bought a new position in Celestica during the 2nd quarter worth $781,000. Finally, StoneX Group Inc. bought a new position in Celestica during the 2nd quarter worth $224,000. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Celestica stock opened at $324.86 on Monday. The stock has a market capitalization of $37.36 billion, a price-to-earnings ratio of 52.74 and a beta of 1.83. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock’s 50 day moving average price is $297.53 and its two-hundred day moving average price is $220.11.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the previous year, the business posted $1.04 EPS. Celestica’s revenue for the quarter was up 27.8% compared to the same quarter last year. On average, equities analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Securities upped their price target on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research report on Wednesday, October 29th. Royal Bank Of Canada upped their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, October 29th. UBS Group raised their price target on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. BNP Paribas restated an “outperform” rating and issued a $300.00 price target on shares of Celestica in a research report on Thursday, September 25th. Finally, Barclays upped their price objective on shares of Celestica from $357.00 to $359.00 and gave the company an “overweight” rating in a research note on Friday, November 14th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $336.13.

Insiders Place Their Bets

In related news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were purchased at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

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.