Legal & General Group Plc purchased a new position in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 914,970 shares of the technology company’s stock, valued at approximately $333,588,000. Legal & General Group Plc owned about 0.80% of Celestica as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently modified their holdings of CLS. NewGen Equity Long Short Fund acquired a new stake in Celestica in the 2nd quarter worth approximately $14,050,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Celestica by 7,646.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock worth $157,000 after buying an additional 994 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of Celestica by 30.0% during the second quarter. First Trust Advisors LP now owns 78,061 shares of the technology company’s stock worth $12,197,000 after buying an additional 18,025 shares during the period. NewEdge Advisors LLC lifted its stake in shares of Celestica by 385.8% during the second quarter. NewEdge Advisors LLC now owns 2,803 shares of the technology company’s stock worth $438,000 after buying an additional 2,226 shares during the period. Finally, HUB Investment Partners LLC grew its holdings in shares of Celestica by 11.0% during the second quarter. HUB Investment Partners LLC now owns 3,181 shares of the technology company’s stock valued at $497,000 after buying an additional 315 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.
Celestica Trading Up 4.2%
NYSE CLS opened at $306.89 on Wednesday. The company has a market capitalization of $35.29 billion, a PE ratio of 31.90 and a beta of 2.06. The company has a fifty day moving average of $337.47 and a 200 day moving average of $335.71. Celestica, Inc. has a 1 year low of $183.66 and a 1 year high of $474.02. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.
Insider Transactions at Celestica
In related news, CEO Robert Mionis sold 23,496 shares of the firm’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $362.39, for a total transaction of $8,514,715.44. Following the sale, the chief executive officer directly owned 23,396 shares of the company’s stock, valued at $8,478,476.44. This trade represents a 50.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at approximately $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 356,553 shares of company stock worth $135,238,444 in the last 90 days. Company insiders own 1.10% of the company’s stock.
Analysts Set New Price Targets
CLS has been the topic of several research reports. Stifel Nicolaus set a $500.00 target price on Celestica in a research report on Tuesday, July 28th. Barclays dropped their price target on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. Weiss Ratings lowered Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. The Goldman Sachs Group restated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Finally, Wolfe Research lifted their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $439.81.
Get Our Latest Report on Celestica
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
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
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.
