4,624 Shares in Celestica, Inc. $CLS Purchased by Rockland Trust Co.

Rockland Trust Co. bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 4,624 shares of the technology company’s stock, valued at approximately $1,138,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CLS. Norges Bank purchased a new position in shares of Celestica during the second quarter worth about $236,069,000. SRS Investment Management LLC purchased a new position in Celestica in the 2nd quarter worth approximately $135,289,000. Picton Mahoney Asset Management bought a new position in shares of Celestica in the 2nd quarter worth $90,425,000. Legal & General Group Plc increased its holdings in shares of Celestica by 103.3% in the 2nd quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock worth $115,961,000 after buying an additional 377,825 shares during the last quarter. Finally, Franklin Resources Inc. raised its position in shares of Celestica by 25.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after buying an additional 375,910 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In related news, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president owned 108,970 shares in the company, valued at $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction 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 transaction, 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. In the last three months, insiders have sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is currently owned by insiders.

Celestica Trading Down 6.7%

Shares of CLS opened at $297.79 on Wednesday. The stock has a market capitalization of $34.26 billion, a P/E ratio of 41.47 and a beta of 1.86. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The firm has a fifty day simple moving average of $307.04 and a two-hundred day simple moving average of $274.63. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Bank of America initiated coverage on Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 target price on the stock. The Goldman Sachs Group increased their price objective on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus reissued a “buy” rating and set a $385.00 price objective (up from $230.00) on shares of Celestica in a report on Wednesday, October 29th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Citigroup decreased their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.