CSM Advisors LLC Makes New Investment in Celestica, Inc. $CLS

CSM Advisors LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,694 shares of the technology company’s stock, valued at approximately $1,402,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. MassMutual Private Wealth & Trust FSB raised its holdings in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares in the last quarter. First Horizon Corp purchased a new stake in Celestica in the 3rd quarter valued at approximately $31,000. Avion Wealth acquired a new position in Celestica during the 3rd quarter worth approximately $40,000. Fifth Third Bancorp increased its position in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the period. Finally, LRI Investments LLC purchased a new position in shares of Celestica during the 3rd quarter worth approximately $44,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Up 2.8%

Celestica stock opened at $270.77 on Tuesday. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The firm has a market capitalization of $31.15 billion, a price-to-earnings ratio of 37.71 and a beta of 1.88. The stock’s fifty day moving average is $292.13 and its two-hundred day moving average is $288.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the transaction, the president owned 108,970 shares in the company, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the president directly owned 12,584 shares in the company, 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. In the last three months, insiders have sold 297,923 shares of company stock valued at $88,027,459. Insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on CLS shares. Bank of America started coverage on Celestica in a report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target for the company. Aletheia Capital increased their price objective on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $354.24.

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.