Park Square Financial Group LLC Has $28,000 Stock Position in Celestica, Inc. $CLS

Park Square Financial Group LLC lowered its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 97.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 113 shares of the technology company’s stock after selling 3,736 shares during the period. Park Square Financial Group LLC’s holdings in Celestica were worth $28,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after buying an additional 37 shares during the last quarter. World Equity Group Inc. increased its holdings in shares of Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock worth $558,000 after acquiring an additional 38 shares during the last quarter. Pure Financial Advisors LLC raised its stake in Celestica by 3.2% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock valued at $398,000 after acquiring an additional 50 shares during the period. McIlrath & Eck LLC lifted its holdings in Celestica by 43.3% during the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock valued at $45,000 after purchasing an additional 55 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after purchasing an additional 56 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on CLS. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Aletheia Capital upped their price target on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Finally, Barclays boosted their price objective on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $356.59.

Celestica Trading Down 0.6%

CLS stock opened at $277.43 on Monday. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a market capitalization of $31.92 billion, a PE ratio of 38.64 and a beta of 1.88. The company’s 50-day simple moving average is $300.32 and its 200 day simple moving average is $282.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47.

Insiders Place Their Bets

In related news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yann L. Etienvre sold 86,229 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Celestica Company 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.