BNP Paribas Financial Markets lessened its position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 39.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 265,977 shares of the technology company’s stock after selling 172,800 shares during the quarter. BNP Paribas Financial Markets’ holdings in Celestica were worth $78,625,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. AdvisorShares Investments LLC purchased a new stake in shares of Celestica during the 4th quarter valued at approximately $157,000. Norges Bank acquired a new stake in Celestica in the 4th quarter valued at approximately $456,511,000. Eurizon SLJ Capital Ltd acquired a new stake in Celestica in the 4th quarter valued at approximately $519,000. Fiducient Advisors LLC acquired a new stake in Celestica in the 4th quarter valued at approximately $774,000. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in Celestica by 117.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after purchasing an additional 74 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.
Celestica Stock Up 10.8%
Celestica stock opened at $427.06 on Tuesday. Celestica, Inc. has a twelve month low of $112.74 and a twelve month high of $435.00. The stock’s fifty day simple moving average is $353.50 and its 200-day simple moving average is $318.46. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $49.10 billion, a P/E ratio of 51.64, a P/E/G ratio of 0.90 and a beta of 2.02.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the stock. Bank of America lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Rothschild & Co Redburn assumed coverage on shares of Celestica in a report on Friday, May 1st. They issued a “buy” rating and a $460.00 target price for the company. TD Cowen upgraded shares of Celestica from a “hold” rating to a “buy” rating and lifted their target price for the company from $350.00 to $430.00 in a report on Wednesday, April 29th. Finally, Canaccord Genuity Group lifted their target price on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, February 2nd. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $427.42.
Read Our Latest Analysis on CLS
Insider Activity at Celestica
In related news, Director Michael Max Wilson sold 4,168 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares in the company, valued at approximately $8,238,756.58. The trade was a 14.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.
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.
Read More
- Five stocks we like better than Celestica
- Why These Three Big Buybacks Are Sending Very Different Signals to Investors
- Drone Stocks Soar As Pentagon Considers Funding, Including a Trump-Linked Name
- Braze Blazes Ahead on Q1 2027 Earnings Beat, Raised Guidance
- Are the 3 Newest Members of the $1 Trillion Market Cap Club the Latest Sign of an AI Bubble?
Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS).
Receive News & Ratings for Celestica Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celestica and related companies with MarketBeat.com's FREE daily email newsletter.
