Andar Capital Management HK Ltd Decreases Stake in Celestica, Inc. $CLS

Andar Capital Management HK Ltd decreased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 52.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the technology company’s stock after selling 11,000 shares during the quarter. Celestica comprises approximately 2.5% of Andar Capital Management HK Ltd’s portfolio, making the stock its 14th biggest holding. Andar Capital Management HK Ltd’s holdings in Celestica were worth $2,464,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CLS. IFP Advisors Inc increased its holdings in shares of Celestica by 134.6% in the 2nd quarter. IFP Advisors Inc now owns 685 shares of the technology company’s stock valued at $107,000 after purchasing an additional 393 shares in the last quarter. MGO One Seven LLC acquired a new position in Celestica during the second quarter worth about $499,000. Atria Wealth Solutions Inc. increased its holdings in Celestica by 63.8% in the second quarter. Atria Wealth Solutions Inc. now owns 6,674 shares of the technology company’s stock valued at $1,044,000 after buying an additional 2,599 shares in the last quarter. Axxcess Wealth Management LLC acquired a new stake in shares of Celestica during the 2nd quarter valued at approximately $246,000. Finally, Allianz Asset Management GmbH boosted its stake in shares of Celestica by 10.2% during the 2nd quarter. Allianz Asset Management GmbH now owns 314,534 shares of the technology company’s stock worth $49,180,000 after acquiring an additional 29,051 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the sale, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. The SEC filing for this sale provides additional information. Insiders sold a total of 297,923 shares of company stock worth $88,027,459 in the last ninety days. Insiders own 0.52% of the company’s stock.

Celestica Trading Up 2.2%

Shares of CLS stock opened at $280.86 on Friday. The firm’s 50-day simple moving average is $304.95 and its 200-day simple moving average is $276.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The firm has a market cap of $32.31 billion, a P/E ratio of 39.12 and a beta of 1.86.

Wall Street Analyst Weigh In

CLS has been the subject of several research analyst reports. Canaccord Genuity Group raised their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. TD Cowen reissued a “hold” rating on shares of Celestica in a report on Friday, January 30th. Canadian Imperial Bank of Commerce lifted their price target on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. Bank of America assumed coverage on shares of Celestica in a research report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective on the stock. Finally, New Street Research set a $400.00 target price on shares of Celestica in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $356.59.

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.