Havemeyer Place LP bought a new position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 8,210 shares of the technology company’s stock, valued at approximately $2,427,000.
Several other institutional investors and hedge funds have also made changes to their positions in CLS. Cullen Frost Bankers Inc. acquired a new position in Celestica in the fourth quarter valued at approximately $30,000. Sittner & Nelson LLC acquired a new position in Celestica in the fourth quarter valued at approximately $31,000. Atlantic Edge Private Wealth Management LLC acquired a new position in Celestica in the fourth quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. lifted its holdings in Celestica by 117.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 137 shares of the technology company’s stock valued at $40,000 after acquiring an additional 74 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in Celestica by 48.7% in the third quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after acquiring an additional 56 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Celestica Stock Down 12.6%
Shares of NYSE CLS opened at $371.64 on Friday. The stock has a market cap of $42.73 billion, a P/E ratio of 44.94, a PEG ratio of 0.86 and a beta of 2.02. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. Celestica, Inc. has a 12-month low of $117.28 and a 12-month high of $474.02. The business’s fifty day simple moving average is $364.82 and its 200-day simple moving average is $321.75.
Insider Buying and Selling
In other news, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research firms recently commented on CLS. Citigroup upped their price objective on Celestica from $338.00 to $415.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price target on Celestica in a research note on Tuesday, April 28th. Susquehanna upped their price target on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research note on Wednesday, April 29th. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research note on Wednesday, April 29th. Finally, TD upped their price target on Celestica from $330.00 to $350.00 and gave the stock a “hold” rating in a research note on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $427.42.
Read Our Latest Stock Analysis on CLS
Celestica 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.
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