Nkcfo LLC Decreases Holdings in Celestica, Inc. $CLS

Nkcfo LLC reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 50.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,500 shares of the technology company’s stock after selling 2,500 shares during the period. Nkcfo LLC’s holdings in Celestica were worth $616,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Cary Street Partners Investment Advisory LLC purchased a new stake in shares of Celestica in the third quarter worth about $66,000. American Money Management LLC acquired a new position in Celestica during the 3rd quarter worth approximately $256,000. O Neil Global Advisors Inc. purchased a new position in Celestica in the 3rd quarter worth approximately $688,000. Marks Group Wealth Management Inc purchased a new position in Celestica in the 3rd quarter worth approximately $670,000. Finally, Koshinski Asset Management Inc. acquired a new stake in Celestica in the third quarter valued at approximately $301,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 86,229 shares of Celestica stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $24,786,526.05. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $25,722,175.80. Following the completion of the transaction, the president owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. The trade was a 45.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 297,923 shares of company stock valued at $88,027,459 over the last 90 days. 0.52% of the stock is owned by company insiders.

Celestica Price Performance

Shares of CLS stock opened at $296.73 on Tuesday. The firm has a fifty day moving average of $299.92 and a two-hundred day moving average of $280.43. The firm has a market cap of $34.14 billion, a P/E ratio of 41.33 and a beta of 1.86. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Finally, New Street Research set a $400.00 price target on Celestica in a research note on Wednesday, October 29th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $356.59.

About Celestica

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.