Ellsworth Advisors LLC Sells 8,410 Shares of Celestica, Inc. $CLS

Ellsworth Advisors LLC decreased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 12.7% in the 3rd quarter, Holdings Channel reports. The firm owned 58,008 shares of the technology company’s stock after selling 8,410 shares during the period. Celestica accounts for about 3.4% of Ellsworth Advisors LLC’s investment portfolio, making the stock its 2nd biggest holding. Ellsworth Advisors LLC’s holdings in Celestica were worth $15,660,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new stake in shares of Celestica in the second quarter valued at about $236,069,000. Voya Investment Management LLC increased its position in Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company’s stock valued at $146,122,000 after acquiring an additional 1,453,473 shares during the period. Alkeon Capital Management LLC purchased a new stake in Celestica during the 1st quarter valued at approximately $96,936,000. SRS Investment Management LLC acquired a new stake in Celestica during the 2nd quarter worth approximately $135,289,000. Finally, Alliancebernstein L.P. lifted its position in Celestica by 405.5% during the 1st quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company’s stock worth $57,684,000 after acquiring an additional 587,145 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLS shares. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. TD Cowen reaffirmed a “hold” rating and issued a $238.00 target price on shares of Celestica in a report on Friday, October 3rd. Finally, BMO Capital Markets set a $370.00 price target on shares of Celestica and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $336.13.

Celestica Stock Performance

NYSE:CLS opened at $303.72 on Friday. The firm’s fifty day simple moving average is $314.61 and its 200-day simple moving average is $238.61. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The stock has a market cap of $34.94 billion, a PE ratio of 49.31 and a beta of 1.83. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40.

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

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner purchased 6,000 shares of the stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average price of $341.67 per share, for a total transaction of $2,050,020.00. Following the acquisition, the director directly owned 6,000 shares in the company, valued at approximately $2,050,020. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Celestica 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.