Celestica, Inc. $CLS Holdings Decreased by Claret Asset Management Corp

Claret Asset Management Corp cut its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 31.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,482 shares of the technology company’s stock after selling 4,340 shares during the quarter. Claret Asset Management Corp’s holdings in Celestica were worth $2,336,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Pinney & Scofield Inc. boosted its holdings 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 purchasing an additional 30 shares during the period. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after buying an additional 37 shares during the period. World Equity Group Inc. grew its holdings in shares of Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after acquiring an additional 38 shares in the last quarter. Pure Financial Advisors LLC increased its stake in shares of Celestica by 3.2% in the third quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock worth $398,000 after acquiring an additional 50 shares during the last quarter. Finally, McIlrath & Eck LLC raised its holdings in shares of Celestica by 43.3% during the third quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock worth $45,000 after acquiring an additional 55 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the sale, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Todd C. Cooper sold 1,065 shares of the company’s 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 completion of the transaction, the president owned 108,970 shares of the company’s stock, valued at $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. In the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by corporate insiders.

Celestica Stock Up 7.3%

CLS stock opened at $267.71 on Tuesday. 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 1.44 and a debt-to-equity ratio of 0.34. The company has a market cap of $30.80 billion, a PE ratio of 37.28 and a beta of 1.88. The business’s 50-day simple moving average is $295.17 and its 200 day simple moving average is $285.77.

Wall Street Analysts Forecast Growth

CLS has been the topic of several research reports. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Bank of America assumed coverage on shares of Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective on the stock. TD Securities increased their price target on shares of Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Barclays raised their target price on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. According to data from 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.