Celestica, Inc. $CLS Shares Sold by Portolan Capital Management LLC

Portolan Capital Management LLC trimmed its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 54.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,556 shares of the technology company’s stock after selling 298,037 shares during the quarter. Celestica comprises about 3.4% of Portolan Capital Management LLC’s portfolio, making the stock its 5th biggest position. Portolan Capital Management LLC’s holdings in Celestica were worth $61,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pinney & Scofield Inc. increased its position in shares of Celestica by 20.0% during the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its position in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. World Equity Group Inc. raised its holdings in 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 during the period. Pure Financial Advisors LLC lifted its position 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 acquiring an additional 50 shares in the last quarter. Finally, McIlrath & Eck LLC boosted its holdings in shares of Celestica by 43.3% in 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 during the period. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In related news, President Todd C. Cooper sold 1,065 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the business’s 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 $324,618.95. The SEC filing for this sale provides additional information. Insiders sold a total of 297,923 shares of company stock valued at $88,027,459 over the last 90 days. Insiders own 0.52% of the company’s stock.

Celestica Stock Down 0.4%

Shares of NYSE:CLS opened at $263.83 on Friday. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The firm has a fifty day moving average of $292.58 and a 200 day moving average of $286.54. The firm has a market capitalization of $30.35 billion, a PE ratio of 36.75 and a beta of 1.88. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup decreased their price objective on Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Canaccord Genuity Group lifted their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, February 2nd. TD Cowen reiterated a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a report on Thursday, January 22nd. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $354.24.

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.