Williamson Legacy Group LLC bought a new stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,575 shares of the technology company’s stock, valued at approximately $1,944,000. Celestica comprises 1.5% of Williamson Legacy Group LLC’s investment portfolio, making the stock its 25th largest position.
Other institutional investors and hedge funds have also made changes to their positions in the company. Pinney & Scofield Inc. increased its position in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock worth $44,000 after acquiring an additional 30 shares during the last quarter. LeConte Wealth Management LLC increased its position in shares of Celestica by 3.5% during the fourth quarter. LeConte Wealth Management LLC now owns 1,001 shares of the technology company’s stock worth $296,000 after acquiring an additional 34 shares during the last quarter. Terra Nova Asset Management LLC increased its position in shares of Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after acquiring an additional 38 shares during the last quarter. Oxinas Partners LLC grew its stake in Celestica by 1.4% in the fourth quarter. Oxinas Partners LLC now owns 2,958 shares of the technology company’s stock worth $874,000 after purchasing an additional 40 shares in the last quarter. Finally, Avantax Planning Partners Inc. grew its stake in Celestica by 2.7% in the fourth quarter. Avantax Planning Partners Inc. now owns 1,528 shares of the technology company’s stock worth $452,000 after purchasing an additional 40 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.
Celestica Stock Performance
Shares of CLS stock opened at $371.25 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $345.30 and a two-hundred day moving average of $317.19. Celestica, Inc. has a 52 week low of $110.54 and a 52 week high of $435.00. The company has a market cap of $42.68 billion, a P/E ratio of 44.89, a PEG ratio of 0.85 and a beta of 2.09.
Insider Buying and Selling
In other Celestica news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the completion of the transaction, the director directly owned 24,718 shares in the company, valued at $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
CLS has been the subject of a number of research reports. Susquehanna lifted their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on Celestica in a research note on Tuesday, April 28th. Canaccord Genuity Group lifted their price target on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Barclays lifted their price target on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. lifted their price target on Celestica from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $427.42.
Check Out Our Latest Research Report on Celestica
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.
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