Celestica, Inc. $CLS Shares Sold by Capital World Investors

Capital World Investors trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 32.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,145 shares of the technology company’s stock after selling 314,237 shares during the period. Capital World Investors owned 0.57% of Celestica worth $161,168,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Bank of New York Mellon Corp raised its position in shares of Celestica by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 130,351 shares of the technology company’s stock worth $20,349,000 after acquiring an additional 8,884 shares in the last quarter. Metis Global Partners LLC boosted its holdings in Celestica by 44.2% in the second quarter. Metis Global Partners LLC now owns 4,944 shares of the technology company’s stock valued at $772,000 after purchasing an additional 1,516 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Celestica in the second quarter valued at approximately $242,000. Aviva PLC increased its stake in Celestica by 6.7% in the second quarter. Aviva PLC now owns 81,774 shares of the technology company’s stock valued at $12,774,000 after purchasing an additional 5,150 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Celestica during the second quarter worth approximately $3,895,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. TD Securities upped their price objective on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Finally, Citigroup dropped their price objective on Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Two analysts have 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 data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average target price of $354.24.

Insider Activity at Celestica

In other Celestica news, 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 transaction of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $24,786,526.05. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 in the last three months. Insiders own 0.52% of the company’s stock.

Celestica Trading Down 1.2%

Shares of CLS stock opened at $265.90 on Thursday. The business’s 50 day moving average is $293.96 and its two-hundred day moving average is $286.19. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a market capitalization of $30.59 billion, a P/E ratio of 37.03 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

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.