Talos Eurisko Asset Management LP Invests $11.68 Million in Celestica, Inc. $CLS

Talos Eurisko Asset Management LP acquired a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 74,800 shares of the technology company’s stock, valued at approximately $11,677,000. Celestica comprises 2.8% of Talos Eurisko Asset Management LP’s portfolio, making the stock its 17th largest holding.

Other institutional investors also recently made changes to their positions in the company. Voya Investment Management LLC increased its position in shares of Celestica by 362.8% in the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after buying an additional 1,453,473 shares in the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Celestica during the first quarter valued at about $96,936,000. Alliancebernstein L.P. boosted its stake in Celestica by 405.5% during the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock valued at $57,684,000 after acquiring an additional 587,145 shares during the last quarter. JAT Capital Mgmt LP acquired a new stake in Celestica during the first quarter worth about $40,077,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in shares of Celestica during the second quarter valued at $75,691,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

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

Analyst Ratings Changes

CLS has been the subject of several recent research reports. Stifel Nicolaus reissued a “buy” rating and set a $385.00 target price (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. The Goldman Sachs Group upped their target price on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating and set a $238.00 price target on shares of Celestica in a report on Friday, October 3rd. CICC Research assumed coverage on Celestica in a report on Tuesday, August 19th. They set an “outperform” rating for the company. Finally, Canaccord Genuity Group increased their price objective on shares of Celestica from $126.00 to $240.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. One 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $336.13.

Celestica Price Performance

Celestica stock opened at $300.53 on Wednesday. The stock has a fifty day moving average of $280.05 and a 200-day moving average of $200.73. The stock has a market capitalization of $34.56 billion, a P/E ratio of 48.79 and a beta of 1.85. 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 0.86 and a current ratio of 1.47.

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

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.