Celestica, Inc. $CLS Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. increased its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,738,673 shares of the technology company’s stock after buying an additional 97,755 shares during the quarter. Vanguard Group Inc.’s holdings in Celestica were worth $1,166,093,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of Celestica by 38.1% in the 2nd quarter. D.A. Davidson & CO. now owns 20,200 shares of the technology company’s stock worth $3,153,000 after acquiring an additional 5,575 shares during the period. Moloney Securities Asset Management LLC increased its position in shares of Celestica by 10.7% during the 2nd quarter. Moloney Securities Asset Management LLC now owns 9,370 shares of the technology company’s stock valued at $1,463,000 after purchasing an additional 907 shares during the period. State of New Jersey Common Pension Fund D raised its stake in shares of Celestica by 41.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 10,297 shares of the technology company’s stock worth $1,607,000 after buying an additional 3,011 shares in the last quarter. Darden Wealth Group Inc lifted its holdings in shares of Celestica by 14.6% in the second quarter. Darden Wealth Group Inc now owns 5,703 shares of the technology company’s stock valued at $890,000 after buying an additional 728 shares during the period. Finally, Envestnet Asset Management Inc. boosted its stake in Celestica by 19.8% during the second quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the technology company’s stock valued at $26,937,000 after buying an additional 28,539 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Stifel Nicolaus restated a “buy” rating and issued a $385.00 price target (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. 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. Finally, Barclays raised their price objective on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Two research 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 stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Celestica Price Performance

Shares of NYSE:CLS opened at $293.44 on Friday. The company has a market cap of $33.76 billion, a P/E ratio of 40.87 and a beta of 1.86. The company’s fifty day moving average is $300.04 and its two-hundred day moving average is $279.19. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40.

Insider Buying and Selling at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred 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 transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This trade represents a 45.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 corporate insiders.

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.