Celestica Inc. (NYSE:CLS) Shares Sold by Kendall Capital Management

Kendall Capital Management reduced its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,970 shares of the technology company’s stock after selling 5,570 shares during the period. Celestica accounts for about 1.0% of Kendall Capital Management’s investment portfolio, making the stock its 26th biggest holding. Kendall Capital Management’s holdings in Celestica were worth $3,505,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CLS. Vaughan Nelson Investment Management L.P. acquired a new position in Celestica in the third quarter valued at approximately $61,210,000. Whale Rock Capital Management LLC boosted its position in Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after acquiring an additional 975,163 shares during the period. Raymond James Financial Inc. acquired a new position in Celestica during the 4th quarter worth $47,685,000. Point72 Asset Management L.P. boosted its position in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares during the period. Finally, Natixis Advisors LLC boosted its position in Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after acquiring an additional 220,494 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research report on Friday, January 31st. Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. initiated coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price on the stock. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated 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 owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Celestica Stock Performance

Shares of NYSE CLS opened at $87.48 on Friday. The business’s 50-day moving average price is $111.23 and its two-hundred day moving average price is $83.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a market capitalization of $10.18 billion, a P/E ratio of 23.39 and a beta of 2.21.

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.