Little House Capital LLC Sells 1,821 Shares of Celestica, Inc. $CLS

Little House Capital LLC decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 28.5% during the third quarter, according to its most recent filing with the SEC. The firm owned 4,572 shares of the technology company’s stock after selling 1,821 shares during the period. Little House Capital LLC’s holdings in Celestica were worth $1,126,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after acquiring an additional 37 shares in the last quarter. First Horizon Corp purchased a new position in shares of Celestica in the 3rd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Celestica in the 2nd quarter worth $40,000. Finally, Avion Wealth bought a new position in shares of Celestica in the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Laurette T. Koellner purchased 6,000 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were acquired 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 $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 is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Up 8.1%

NYSE:CLS opened at $333.17 on Wednesday. The company’s 50 day moving average is $310.09 and its two-hundred day moving average is $264.95. The company has a market cap of $38.33 billion, a PE ratio of 54.09 and a beta of 1.87. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last posted its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping 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 business had revenue of $3.19 billion during the quarter, compared to the consensus estimate of $3.01 billion. During the same period in the previous year, the firm posted $1.04 earnings per share. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CLS. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. TD Securities set a $305.00 price objective on shares of Celestica and gave the stock a “hold” rating in a research report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a research report on Monday. The Goldman Sachs Group raised their target price on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Finally, Aletheia Capital upped their price target on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $344.24.

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.