Celestica, Inc. $CLS Shares Purchased by Spark Investment Management LLC

Spark Investment Management LLC lifted its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 17.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,000 shares of the technology company’s stock after purchasing an additional 4,000 shares during the quarter. Celestica accounts for about 16.6% of Spark Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Spark Investment Management LLC’s holdings in Celestica were worth $6,643,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in Celestica during the 2nd quarter worth approximately $236,069,000. SRS Investment Management LLC acquired a new position in shares of Celestica in the second quarter valued at approximately $135,289,000. Picton Mahoney Asset Management bought a new stake in shares of Celestica during the second quarter worth $90,425,000. Legal & General Group Plc raised its holdings in shares of Celestica by 103.3% during the second quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock worth $115,961,000 after acquiring an additional 377,825 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of 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 acquiring an additional 375,910 shares during the period. Institutional investors own 67.38% of the company’s stock.

Insider Activity

In other news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 approximately $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 297,923 shares of company stock valued at $88,027,459 in the last quarter. Company insiders own 0.52% of the company’s stock.

Celestica Trading Down 0.6%

NYSE CLS opened at $277.43 on Monday. The company has a market cap of $31.92 billion, a PE ratio of 38.64 and a beta of 1.88. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The stock has a 50 day moving average of $300.32 and a 200-day moving average of $282.66. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CLS. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. TD Securities upped their price objective on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Aletheia Capital increased their price objective on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Canaccord Genuity Group boosted their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $356.59.

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.