Yorktown Management & Research Co Inc Invests $604,000 in Celestica, Inc. $CLS

Yorktown Management & Research Co Inc bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,450 shares of the technology company’s stock, valued at approximately $604,000.

A number of other large investors also recently bought and sold shares of CLS. Thompson Davis & CO. Inc. acquired a new position in Celestica during the 2nd quarter worth approximately $328,000. Y Intercept Hong Kong Ltd raised its holdings in shares of Celestica by 406.3% in the second quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after purchasing an additional 42,215 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of Celestica in the second quarter worth $343,000. Light Street Capital Management LLC acquired a new position in Celestica during the second quarter worth $26,422,000. Finally, TD Waterhouse Canada Inc. grew its position in Celestica by 2.2% in the second quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,221 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity

In other news, Director Laurette T. Koellner acquired 6,000 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, with a total value of $2,050,020.00. Following the purchase, the director directly owned 6,000 shares of the company’s stock, valued at $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Celestica Trading Down 0.0%

Shares of CLS stock opened at $313.52 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The stock has a market capitalization of $36.07 billion, a price-to-earnings ratio of 50.90 and a beta of 1.87. The company’s fifty day simple moving average is $311.14 and its two-hundred day simple moving average is $256.78. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.13. The firm had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. Celestica had a net margin of 6.35% and a return on equity of 30.53%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.04 earnings per share. As a group, analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research report on Wednesday, October 8th. TD Securities raised their price target on Celestica from $238.00 to $305.00 and gave the company a “hold” rating in a report on Wednesday, October 29th. BNP Paribas reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Celestica in a research report on Thursday, September 25th. UBS Group increased their price objective on shares of Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research report on Wednesday, October 29th. Finally, Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus target price of $336.13.

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.