Nkcfo LLC Takes $323,000 Position in Celestica Inc. (NYSE:CLS)

Nkcfo LLC purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,500 shares of the technology company’s stock, valued at approximately $323,000.

Other hedge funds have also bought and sold shares of the company. Creative Planning grew its position in shares of Celestica by 36.1% during the 3rd quarter. Creative Planning now owns 10,240 shares of the technology company’s stock worth $523,000 after purchasing an additional 2,714 shares in the last quarter. Optimum Investment Advisors boosted its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Harbour Capital Advisors LLC acquired a new stake in Celestica during the third quarter worth approximately $275,000. Stratos Wealth Advisors LLC increased its stake in Celestica by 20.0% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company’s stock worth $215,000 after acquiring an additional 700 shares during the period. Finally, Blue Trust Inc. raised its holdings in Celestica by 97.3% in the 3rd quarter. Blue Trust Inc. now owns 14,433 shares of the technology company’s stock valued at $738,000 after acquiring an additional 7,119 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CLS shares. Barclays increased their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. BMO Capital Markets boosted their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Cowen increased their price target on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. Finally, Stifel Nicolaus assumed coverage on shares of Celestica in a research report on Tuesday, February 4th. They set a “buy” rating and a $140.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $104.91.

Celestica Stock Up 1.8 %

Shares of NYSE:CLS opened at $132.16 on Friday. Celestica Inc. has a 52-week low of $36.11 and a 52-week high of $144.27. The company has a market capitalization of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a fifty day moving average of $107.15 and a 200-day moving average of $77.61.

Insiders Place Their Bets

In related news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. This represents a 37.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 in the last 90 days. Corporate insiders own 1.00% 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.