South Shore Capital Advisors Invests $513,000 in Celestica, Inc. $CLS

South Shore Capital Advisors bought a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, Holdings Channel.com reports. The firm bought 1,734 shares of the technology company’s stock, valued at approximately $513,000.

A number of other large investors also recently modified their holdings of CLS. Arrowstreet Capital Limited Partnership lifted its position in shares of Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares in the last quarter. Viking Global Investors LP acquired a new position in shares of Celestica during the third quarter worth approximately $424,459,000. SRS Investment Management LLC acquired a new position in shares of Celestica during the second quarter worth approximately $135,289,000. BNP Paribas Financial Markets raised its stake in shares of Celestica by 6,788.2% during the third quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock worth $108,106,000 after buying an additional 432,407 shares during the last quarter. Finally, Analog Century Management LP bought a new stake in shares of Celestica during the second quarter worth approximately $58,609,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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 completion of the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Down 1.0%

Shares of NYSE:CLS opened at $291.81 on Tuesday. Celestica, Inc. has a 52 week low of $61.07 and a 52 week high of $363.40. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44. The company has a market capitalization of $33.55 billion, a PE ratio of 40.64 and a beta of 1.88. The company has a 50 day moving average price of $285.02 and a two-hundred day moving average price of $293.53.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce dropped their price target on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Citigroup dropped their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. Finally, Susquehanna assumed coverage on shares of Celestica in a research note on Wednesday, April 1st. They set a “positive” rating and a $375.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $355.39.

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.