Kendall Capital Management Has $6.40 Million Holdings in Celestica, Inc. $CLS

Kendall Capital Management decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 27.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,644 shares of the technology company’s stock after selling 8,140 shares during the quarter. Celestica makes up about 1.3% of Kendall Capital Management’s investment portfolio, making the stock its 14th biggest holding. Kendall Capital Management’s holdings in Celestica were worth $6,398,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CLS. NewGen Equity Long Short Fund bought a new stake in Celestica during the 2nd quarter worth about $14,050,000. Russell Investments Group Ltd. grew its holdings in shares of Celestica by 160.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 55,151 shares of the technology company’s stock valued at $8,603,000 after acquiring an additional 33,976 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after acquiring an additional 994 shares during the last quarter. Hsbc Holdings PLC increased its position in shares of Celestica by 5.6% in the second quarter. Hsbc Holdings PLC now owns 25,088 shares of the technology company’s stock valued at $3,921,000 after acquiring an additional 1,332 shares during the last quarter. Finally, Westerkirk Capital Inc. bought a new stake in Celestica during the second quarter worth about $62,000. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. Canaccord Genuity Group raised their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. TD Securities raised their target price on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $355.39.

Celestica Price Performance

Shares of NYSE CLS opened at $294.69 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. The business’s 50 day moving average price is $285.52 and its two-hundred day moving average price is $292.34. The company has a market cap of $33.88 billion, a PE ratio of 41.04 and a beta of 1.88. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 89,484 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the sale, the president owned 108,970 shares in the company, valued at approximately $31,323,426.50. This represents a 45.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the sale, the president directly owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 297,923 shares of company stock valued at $88,027,459. 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.