Nebula Research & Development LLC Sells 5,145 Shares of Celestica Inc. (NYSE:CLS)

Nebula Research & Development LLC decreased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,252 shares of the technology company's stock after selling 5,145 shares during the quarter. Nebula Research & Development LLC's holdings in Celestica were worth $1,131,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new stake in shares of Celestica during the 4th quarter worth about $385,000. Raymond James Financial Inc. bought a new stake in shares of Celestica during the 4th quarter worth $47,685,000. Schechter Investment Advisors LLC acquired a new stake in shares of Celestica in the 4th quarter valued at approximately $294,000. American Century Companies Inc. grew its stake in shares of Celestica by 16.4% during the fourth quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock worth $20,217,000 after buying an additional 30,851 shares during the last quarter. Finally, Fruth Investment Management acquired a new position in Celestica in the 4th quarter worth about $286,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of NYSE:CLS traded down $1.69 on Wednesday, reaching $85.36. 3,383,859 shares of the company were exchanged, compared to its average volume of 3,137,618. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market cap of $9.90 billion, a price-to-earnings ratio of 22.82 and a beta of 2.09. The company has a 50-day moving average of $86.90 and a 200-day moving average of $92.58.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The company's quarterly revenue was up 19.9% on a year-over-year basis. During the same period last year, the company earned $0.83 earnings per share. Equities analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

CLS has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price objective on shares of Celestica in a research note on Monday. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC cut their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. upped their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $105.42.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 52,588 shares of the business's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at approximately $67,776,924.18. The trade was a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 934,381 shares of company stock worth $116,673,769 in the last ninety days. 1.00% of the stock is owned by insiders.

Celestica Company Profile

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.