Sirios Capital Management L P Has $3.08 Million Holdings in Celestica, Inc. $CLS

Sirios Capital Management L P cut its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 85.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,513 shares of the technology company’s stock after selling 73,172 shares during the period. Sirios Capital Management L P’s holdings in Celestica were worth $3,083,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Towarzystwo Funduszy Inwestycyjnych PZU SA raised its stake in shares of Celestica by 108.3% in the third quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 250 shares of the technology company’s stock valued at $62,000 after purchasing an additional 130 shares in the last quarter. von Borstel & Associates Inc. bought a new stake in Celestica in the 3rd quarter valued at $236,000. Harvest Fund Management Co. Ltd increased its holdings in Celestica by 100.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 5,345 shares of the technology company’s stock valued at $1,316,000 after buying an additional 2,672 shares during the period. Private Management Group Inc. acquired a new position in shares of Celestica in the 3rd quarter valued at $567,000. Finally, Compass Wealth Management LLC GA bought a new position in shares of Celestica during the 3rd quarter worth about $493,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president directly owned 108,970 shares in the company, valued at approximately $30,894,084.70. This represents a 0.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Jason Phillips sold 100,000 shares of the stock in a transaction that occurred 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 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock valued at $88,027,459 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Celestica Stock Performance

Shares of NYSE:CLS opened at $263.83 on Friday. The business has a fifty day moving average of $292.58 and a 200-day moving average of $286.54. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market cap of $30.35 billion, a PE ratio of 36.75 and a beta of 1.88.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Aletheia Capital raised their price target on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Canadian Imperial Bank of Commerce decreased their price objective on Celestica from $400.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a report on Thursday, January 22nd. 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 company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $354.24.

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.