Vontobel Holding Ltd. Sells 7,429 Shares of Celestica, Inc. $CLS

Vontobel Holding Ltd. lessened its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 80.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,759 shares of the technology company’s stock after selling 7,429 shares during the period. Vontobel Holding Ltd.’s holdings in Celestica were worth $433,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rothschild Investment LLC increased its position in shares of Celestica by 20.0% during the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after purchasing an additional 65 shares during the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of Celestica by 102.5% in the 2nd 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 last quarter. Hilltop National Bank grew its stake in shares of Celestica by 86.0% in the third quarter. Hilltop National Bank now owns 186 shares of the technology company’s stock valued at $46,000 after buying an additional 86 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Celestica by 33.1% during the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after buying an additional 87 shares during the last quarter. Finally, Wolff Wiese Magana LLC raised its position in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company’s stock worth $57,000 after acquiring an additional 114 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner bought 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The stock was bought at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares of the company’s stock, valued at $2,050,020. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.52% of the company’s stock.

Celestica Trading Down 0.0%

Shares of NYSE:CLS opened at $303.45 on Tuesday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The stock has a market cap of $34.91 billion, a PE ratio of 49.26 and a beta of 1.83. The business has a 50 day moving average of $315.20 and a 200-day moving average of $241.44. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last announced 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 company had revenue of $3.19 billion for the quarter, compared to analyst estimates of $3.01 billion. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.04 earnings per share. As a group, equities research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Saturday, December 6th. BMO Capital Markets set a $370.00 target price on shares of Celestica and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Barclays boosted their price target on Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a research report on Friday, November 14th. New Street Research set a $400.00 price objective on Celestica in a research note on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $336.13.

Celestica 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.