Quantbot Technologies LP Purchases 28,160 Shares of Celestica, Inc. $CLS

Quantbot Technologies LP grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 127.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,199 shares of the technology company’s stock after buying an additional 28,160 shares during the period. Quantbot Technologies LP’s holdings in Celestica were worth $12,368,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in Celestica during the second quarter worth about $236,069,000. SRS Investment Management LLC bought a new position in shares of Celestica during the second quarter worth approximately $135,289,000. Picton Mahoney Asset Management acquired a new stake in shares of Celestica in the second quarter valued at approximately $90,425,000. Legal & General Group Plc boosted its stake in shares of Celestica by 103.3% in the second quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock valued at $115,961,000 after buying an additional 377,825 shares during the period. Finally, Franklin Resources Inc. grew its position in Celestica by 25.8% during the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock worth $286,184,000 after buying an additional 375,910 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on CLS. Aletheia Capital raised their price target on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Barclays increased their price objective on shares of Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Citigroup reduced their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Wolfe Research raised Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

Celestica Stock Performance

NYSE:CLS opened at $277.43 on Friday. The company has a market capitalization of $31.92 billion, a PE ratio of 38.64 and a beta of 1.86. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The company has a 50 day simple moving average of $300.32 and a two-hundred day simple moving average of $281.63.

Insider Buying and Selling

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the company’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $24,786,526.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This trade represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock valued at $88,027,459 over the last ninety days. 0.52% of the stock is owned by corporate insiders.

About Celestica

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.