Rockingstone Advisors LLC Decreases Stock Holdings in Celestica, Inc. $CLS

Rockingstone Advisors LLC cut its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 15.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 26,090 shares of the technology company’s stock after selling 4,625 shares during the quarter. Celestica comprises 3.2% of Rockingstone Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Rockingstone Advisors LLC’s holdings in Celestica were worth $6,428,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Dynamic Advisor Solutions LLC bought a new position in Celestica in the third quarter valued at approximately $221,000. Hilltop National Bank increased its stake in shares of Celestica by 86.0% in the 3rd quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock valued at $46,000 after purchasing an additional 86 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of Celestica during the 3rd quarter worth $5,336,000. AssuredPartners Investment Advisors LLC acquired a new position in shares of Celestica during the 3rd quarter worth $205,000. Finally, Rowlandmiller & PARTNERS.ADV bought a new stake in shares of Celestica during the 3rd quarter worth $111,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on CLS shares. TD Cowen reiterated a “hold” rating and issued a $238.00 target price on shares of Celestica in a research report on Friday, October 3rd. BNP Paribas reaffirmed an “outperform” rating and set a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. The Goldman Sachs Group upped their price objective on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Citigroup raised shares of Celestica from a “neutral” rating to a “buy” rating and increased their price objective for the company from $212.00 to $375.00 in a research note on Monday, November 10th. Finally, BMO Capital Markets set a $370.00 target price on shares of Celestica and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $336.13.

Celestica Stock Up 8.1%

Shares of NYSE CLS opened at $292.92 on Friday. The company has a 50 day simple moving average of $310.69 and a 200 day simple moving average of $232.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The firm has a market cap of $33.69 billion, a PE ratio of 47.55 and a beta of 1.83.

Celestica (NYSE:CLS) (TSE:CLS) last posted its 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. The firm had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 EPS. On average, research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Insiders Place Their Bets

In related news, Director Laurette T. Koellner bought 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, with a total value of $2,050,020.00. Following the transaction, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by insiders.

Celestica Company Profile

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.