Knollwood Investment Advisory LLC Takes Position in Celestica, Inc. $CLS

Knollwood Investment Advisory LLC purchased a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,000 shares of the technology company’s stock, valued at approximately $312,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank bought a new stake in Celestica in the second quarter worth $236,069,000. Voya Investment Management LLC raised its position in shares of Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Celestica in the 1st quarter worth about $96,936,000. Alliancebernstein L.P. boosted its stake in Celestica by 405.5% in the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after purchasing an additional 587,145 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Celestica during the 2nd quarter valued at about $90,425,000. Institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other news, Director Laurette T. Koellner purchased 6,000 shares of the business’s stock in a transaction on Thursday, October 30th. The stock was acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.52% of the company’s stock.

Celestica Trading Up 4.6%

NYSE:CLS opened at $322.53 on Friday. The company has a market cap of $37.09 billion, a PE ratio of 52.36 and a beta of 1.83. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a 50 day simple moving average of $295.92 and a two-hundred day simple moving average of $217.14. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The firm had revenue of $3.19 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same period in the prior year, the firm earned $1.04 EPS. The company’s revenue was up 27.8% compared to the same quarter last year. Research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CLS shares. Barclays lifted their target price on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. Royal Bank Of Canada boosted their price objective on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating and issued a $238.00 price objective on shares of Celestica in a research report on Friday, October 3rd. TD Securities increased their target price on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a research note on Wednesday, October 29th. Finally, CIBC lifted their target price on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $336.13.

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.