Celestica, Inc. $CLS Shares Sold by Westover Capital Advisors LLC

Westover Capital Advisors LLC cut its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 39,296 shares of the technology company’s stock after selling 6,867 shares during the period. Celestica comprises about 1.8% of Westover Capital Advisors LLC’s investment portfolio, making the stock its 15th biggest holding. Westover Capital Advisors LLC’s holdings in Celestica were worth $9,682,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CLS. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the last quarter. MassMutual Private Wealth & Trust FSB grew its position in shares of Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares in the last quarter. First Horizon Corp bought a new stake in shares of Celestica in the third quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Celestica in the second quarter valued at $40,000. Finally, Avion Wealth acquired a new stake in shares of Celestica in the 3rd quarter valued at about $40,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America initiated coverage on Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price target on the stock. Aletheia Capital lifted their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $385.00 price objective (up previously from $230.00) on shares of Celestica 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. Finally, JPMorgan Chase & Co. lifted their target price on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Insider Activity

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $25,722,175.80. Following the completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. The trade was a 45.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 in the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $296.30 on Thursday. Celestica, Inc. has a 12 month low of $58.05 and a 12 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 stock has a market cap of $34.09 billion, a PE ratio of 41.27 and a beta of 1.86. The business has a fifty day simple moving average of $306.78 and a 200-day simple moving average of $274.78.

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.