Celestica, Inc. $CLS Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. cut its stake in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) by 96.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,100 shares of the technology company’s stock after selling 29,481 shares during the quarter. Shell Asset Management Co.’s holdings in Celestica were worth $271,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after acquiring an additional 37 shares during the period. World Equity Group Inc. raised its stake in shares of Celestica by 1.7% in the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock worth $558,000 after purchasing an additional 38 shares during the last quarter. Pure Financial Advisors LLC lifted its holdings in shares of Celestica by 3.2% during the third quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock worth $398,000 after purchasing an additional 50 shares during the period. McIlrath & Eck LLC boosted its position in Celestica by 43.3% in the third quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock valued at $45,000 after buying an additional 55 shares during the last quarter. Finally, Rothschild Investment LLC increased its holdings in Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after buying an additional 65 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Citigroup lowered their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Canadian Imperial Bank of Commerce lifted their price objective on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, October 29th. Finally, UBS Group upped their target price on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Check Out Our Latest Report on CLS

Insider Activity

In related news, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 297,923 shares of company stock worth $88,027,459 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

More Celestica News

Here are the key news stories impacting Celestica this week:

Celestica Price Performance

Shares of Celestica stock opened at $286.67 on Wednesday. The firm has a market cap of $32.98 billion, a PE ratio of 39.93 and a beta of 1.86. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. 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 business has a 50-day moving average price of $302.64 and a 200 day moving average price of $277.78.

Celestica Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS).

Institutional Ownership by Quarter for Celestica (NYSE:CLS)

Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.