Samalin Investment Counsel LLC Sells 2,274 Shares of Celestica, Inc. $CLS

Samalin Investment Counsel LLC lessened its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 42.7% in the third quarter, Holdings Channel reports. The firm owned 3,050 shares of the technology company’s stock after selling 2,274 shares during the period. Samalin Investment Counsel LLC’s holdings in Celestica were worth $751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. NorthCrest Asset Manangement LLC grew its position in Celestica by 322.1% during the third quarter. NorthCrest Asset Manangement LLC now owns 13,170 shares of the technology company’s stock valued at $3,132,000 after buying an additional 10,050 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Celestica by 130.3% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 20,807 shares of the technology company’s stock worth $4,948,000 after purchasing an additional 11,772 shares during the period. Intrua Financial LLC lifted its stake in Celestica by 10.2% in the third quarter. Intrua Financial LLC now owns 3,990 shares of the technology company’s stock valued at $983,000 after purchasing an additional 369 shares during the last quarter. Glass Jacobson Investment Advisors llc purchased a new position in Celestica in the third quarter valued at approximately $206,000. Finally, Yorktown Management & Research Co Inc bought a new position in Celestica during the third quarter valued at $604,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on CLS shares. Wall Street Zen lowered Celestica from a “buy” rating to a “hold” rating in a research note on Saturday, December 6th. BNP Paribas reissued an “outperform” rating and issued a $300.00 price objective on shares of Celestica in a report on Thursday, September 25th. Citigroup upgraded Celestica from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $212.00 to $375.00 in a research note on Monday, November 10th. CIBC increased their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research report 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 analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and an average price target of $340.75.

Celestica Trading Down 1.0%

Shares of Celestica stock opened at $310.48 on Wednesday. The company’s 50-day moving average price is $310.10 and its 200-day moving average price is $259.63. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a market cap of $35.72 billion, a price-to-earnings ratio of 50.40 and a beta of 1.87.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.45 by $0.13. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The company had revenue of $3.19 billion during the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter in the previous year, the company earned $1.04 earnings per share. Celestica’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Insider Activity

In other Celestica news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction that occurred on 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 purchase, the director owned 6,000 shares of the company’s stock, valued at approximately $2,050,020. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.52% of the company’s stock.

About Celestica

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.