Wellington Management Group LLP purchased a new position in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 807,509 shares of the technology company’s stock, valued at approximately $294,573,000. Wellington Management Group LLP owned approximately 0.70% of Celestica at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $28,000. Ascentis Independent Advisors acquired a new position in Celestica during the first quarter worth $29,000. Swiss RE Ltd. bought a new stake in shares of Celestica in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Finally, Sittner & Nelson LLC acquired a new stake in Celestica during the 4th quarter valued at $31,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Celestica Stock Up 0.1%
Shares of CLS opened at $298.87 on Monday. The company has a market capitalization of $34.36 billion, a PE ratio of 31.07 and a beta of 2.06. The stock’s 50-day moving average price is $333.42 and its two-hundred day moving average price is $335.73. The company has a current ratio of 1.23, a quick ratio of 0.68 and a debt-to-equity ratio of 0.32. Celestica, Inc. has a 12 month low of $183.66 and a 12 month high of $474.02.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on CLS. Wall Street Zen downgraded Celestica from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group upgraded shares of Celestica from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $410.00 to $430.00 in a research note on Monday, August 24th. Stifel Nicolaus set a $500.00 target price on shares of Celestica in a research report on Tuesday, July 28th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Finally, Barclays lowered their price objective on Celestica from $430.00 to $406.00 and set an “overweight” rating on the stock in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Celestica presently has an average rating of “Buy” and an average price target of $439.81.
Get Our Latest Research Report on Celestica
Insider Buying and Selling at Celestica
In other news, CFO Mandeep Chawla sold 16,117 shares of Celestica stock in a transaction 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 completion of the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. The trade was a 19.76% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 23,496 shares of the 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 transaction, the chief executive officer directly owned 23,396 shares in the company, valued at $8,478,476.44. This trade represents a 50.11% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 356,553 shares of company stock valued at $135,238,444 in the last quarter. 1.10% of the stock is currently owned by company insiders.
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.
Featured Stories
- Five stocks we like better than Celestica
- Strike a Balance Between Growth and Stability With These 3 Names Ready to Rally
- Rubrik’s AI Security Bet Could Power the Next Leg Higher
- Apple’s Foldable iPhone Could Be a Catalyst, But Not a Cure-All
- Snowflake Is Up Nearly 50% in 2026—What Are Short Sellers Betting Against?
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.
