Nkcfo LLC Purchases Shares of 3,500 Celestica Inc. (NYSE:CLS)

Nkcfo LLC bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,500 shares of the technology company's stock, valued at approximately $323,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC lifted its position in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock worth $432,846,000 after buying an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the 3rd quarter valued at $61,210,000. Point72 Asset Management L.P. raised its holdings in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Westfield Capital Management Co. LP raised its holdings in shares of Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company's stock valued at $27,413,000 after purchasing an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its holdings in shares of Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company's stock valued at $26,799,000 after purchasing an additional 183,300 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CLS shares. Barclays raised their price target on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Canaccord Genuity Group lifted their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, December 20th. TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. BMO Capital Markets lifted their target price on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen lifted their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $105.82.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last ninety days. Insiders own 1.00% of the company's stock.

Celestica Stock Performance

NYSE CLS traded down $0.56 during midday trading on Wednesday, hitting $131.73. The company had a trading volume of 2,834,265 shares, compared to its average volume of 4,822,076. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 35.22 and a beta of 2.27. The firm has a fifty day simple moving average of $109.70 and a two-hundred day simple moving average of $79.34. Celestica Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $144.27.

About Celestica

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.