Celestica, Inc. $CLS Holdings Trimmed by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd reduced its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 25.6% during the 3rd quarter, Holdings Channel.com reports. The firm owned 18,115 shares of the technology company’s stock after selling 6,246 shares during the period. Celestica accounts for 1.0% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 13th biggest position. Goldstream Capital Management Ltd’s holdings in Celestica were worth $4,463,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Norges Bank purchased a new stake in Celestica in the 2nd quarter worth about $236,069,000. SRS Investment Management LLC purchased a new stake in Celestica in the 2nd quarter worth about $135,289,000. Picton Mahoney Asset Management acquired a new stake in Celestica during the 2nd quarter worth about $90,425,000. Finally, BNP Paribas Financial Markets grew its stake in Celestica by 6,788.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock valued at $108,106,000 after acquiring an additional 432,407 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CLS shares. Canaccord Genuity Group upped their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price target on shares of Celestica in a report on Thursday, January 22nd. Citigroup lowered their price objective 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. BMO Capital Markets reiterated an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Two research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $354.24.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This represents a 45.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is currently owned by corporate insiders.

Celestica Stock Down 0.4%

Shares of Celestica stock opened at $263.83 on Friday. The firm has a market cap of $30.35 billion, a price-to-earnings ratio of 36.75 and a beta of 1.88. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The stock has a 50-day simple moving average of $292.58 and a 200-day simple moving average of $286.54.

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.