J.W. Cole Advisors Inc. Buys 4,215 Shares of Celestica, Inc. $CLS

J.W. Cole Advisors Inc. grew its position in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) by 172.8% during the third quarter, Holdings Channel.com reports. The fund owned 6,654 shares of the technology company’s stock after purchasing an additional 4,215 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Celestica were worth $1,639,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Celestica during the second quarter valued at about $236,069,000. SRS Investment Management LLC bought a new position in shares of Celestica during the 2nd quarter worth approximately $135,289,000. Picton Mahoney Asset Management purchased a new position in shares of Celestica in the 2nd quarter worth approximately $90,425,000. Legal & General Group Plc grew its holdings in shares of Celestica by 103.3% in the second quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock valued at $115,961,000 after acquiring an additional 377,825 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Celestica by 25.8% during the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after acquiring an additional 375,910 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Trending Headlines about Celestica

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Celestica Price Performance

CLS opened at $307.36 on Friday. The firm has a 50-day moving average price of $307.14 and a 200-day moving average price of $271.91. 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 company has a market capitalization of $35.36 billion, a price-to-earnings ratio of 42.81 and a beta of 1.86.

Insiders Place Their Bets

In related news, 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 sale, the president directly owned 108,970 shares in the company, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Jason Phillips sold 100,000 shares of the stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the sale, the president directly owned 12,584 shares in the company, valued at $3,887,449.28. This trade represents a 88.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 over the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CLS shares. TD Securities boosted their price objective on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Citigroup cut 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. Stifel Nicolaus restated a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. Aletheia Capital lifted their price objective on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Check Out Our Latest Analysis on CLS

Celestica 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.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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