5,000 Shares in Celestica, Inc. $CLS Purchased by Nkcfo LLC

Nkcfo LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,000 shares of the technology company’s stock, valued at approximately $781,000.

Several other hedge funds also recently modified their holdings of CLS. Norges Bank purchased a new stake in shares of Celestica during the second quarter worth about $236,069,000. Voya Investment Management LLC boosted its position in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock worth $146,122,000 after acquiring an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC purchased a new stake in Celestica in the 1st quarter worth approximately $96,936,000. Alliancebernstein L.P. raised its holdings in Celestica by 405.5% in 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. Finally, Picton Mahoney Asset Management purchased a new position in shares of Celestica during the 2nd quarter worth $90,425,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CLS shares. TD Cowen reaffirmed a “hold” rating and issued a $238.00 price objective on shares of Celestica in a research report on Friday, October 3rd. Stifel Nicolaus restated a “buy” rating and issued a $385.00 price target (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Citigroup upgraded shares of Celestica from a “neutral” rating to a “buy” rating and boosted their target price for the company from $212.00 to $375.00 in a report on Monday, November 10th. 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. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $336.13.

Celestica Price Performance

Celestica stock opened at $324.86 on Friday. The firm has a fifty day moving average of $297.53 and a 200-day moving average of $218.63. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $37.36 billion, a P/E ratio of 52.74 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The firm had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the company earned $1.04 EPS. The firm’s revenue was up 27.8% on a year-over-year basis. As a group, analysts predict that Celestica, Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling at Celestica

In related news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction dated Thursday, October 30th. The stock was acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the purchase, the director owned 6,000 shares in the company, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is owned by insiders.

Celestica Company 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.