2,794 Shares in Celestica, Inc. $CLS Purchased by O Neil Global Advisors Inc.

O Neil Global Advisors Inc. bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,794 shares of the technology company’s stock, valued at approximately $688,000.

Several other institutional investors have also recently bought and sold shares of the company. Marks Group Wealth Management Inc bought a new position in shares of Celestica during the 3rd quarter worth approximately $670,000. Koshinski Asset Management Inc. bought a new stake in shares of Celestica in the third quarter worth $301,000. Westerkirk Capital Inc. boosted its holdings in Celestica by 175.0% during the third quarter. Westerkirk Capital Inc. now owns 1,100 shares of the technology company’s stock worth $271,000 after purchasing an additional 700 shares during the last quarter. Michels Family Financial LLC bought a new position in Celestica in the third quarter valued at $246,000. Finally, Adapt Wealth Advisors LLC acquired a new stake in Celestica in the 3rd quarter valued at $970,000. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 1,145 shares of the stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 297,923 shares of company stock worth $88,027,459 over the last three months. Insiders own 0.52% of the company’s stock.

Celestica Price Performance

NYSE:CLS opened at $293.44 on Monday. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40. The company has a market cap of $33.76 billion, a P/E ratio of 40.87 and a beta of 1.86. The firm’s fifty day moving average price is $300.04 and its two-hundred day moving average price is $279.75. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Analysts Set New Price Targets

Several brokerages have commented on CLS. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. TD Securities lifted their target price on Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Canadian Imperial Bank of Commerce upped their target price on Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Finally, New Street Research set a $400.00 price target on Celestica in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $356.59.

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.