Rockingstone Advisors LLC Has $3.89 Million Holdings in Celestica Inc. (NYSE:CLS)

Rockingstone Advisors LLC trimmed its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,120 shares of the technology company’s stock after selling 605 shares during the period. Celestica comprises approximately 1.7% of Rockingstone Advisors LLC’s investment portfolio, making the stock its 18th biggest position. Rockingstone Advisors LLC’s holdings in Celestica were worth $3,888,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CLS. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Celestica during the 3rd quarter worth approximately $30,000. UMB Bank n.a. acquired a new position in shares of Celestica in the 3rd quarter worth approximately $34,000. Private Trust Co. NA boosted its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in shares of Celestica during the third quarter worth $51,000. 67.38% of the stock is owned by institutional investors.

Celestica Stock Up 4.2 %

CLS stock opened at $107.43 on Thursday. The stock has a fifty day moving average of $92.09 and a 200-day moving average of $67.85. Celestica Inc. has a fifty-two week low of $26.62 and a fifty-two week high of $108.25. The company has a market capitalization of $12.50 billion, a price-to-earnings ratio of 34.10 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Wednesday, October 23rd. The technology company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.11. The business had revenue of $2.50 billion during the quarter, compared to analyst estimates of $2.41 billion. Celestica had a net margin of 4.08% and a return on equity of 21.58%. Celestica’s revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.65 EPS. As a group, equities research analysts predict that Celestica Inc. will post 3.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CLS shares. TD Cowen boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. TD Securities upped their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Stifel Nicolaus boosted their price target on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada raised their price objective on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Finally, Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $81.45.

About Celestica

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.