L & S Advisors Inc Cuts Stock Holdings in Celestica Inc. (NYSE:CLS)

L & S Advisors Inc lessened its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 38.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,761 shares of the technology company’s stock after selling 14,595 shares during the quarter. L & S Advisors Inc’s holdings in Celestica were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cerity Partners LLC grew its holdings in Celestica by 3.2% during the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock worth $551,000 after acquiring an additional 338 shares during the period. Private Trust Co. NA grew its stake in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the period. D.A. Davidson & CO. increased its holdings in shares of Celestica by 66.2% in the 3rd quarter. D.A. Davidson & CO. now owns 12,175 shares of the technology company’s stock valued at $622,000 after purchasing an additional 4,850 shares in the last quarter. Townsquare Capital LLC acquired a new stake in shares of Celestica in the third quarter valued at about $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Celestica by 6.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,002 shares of the technology company’s stock worth $1,380,000 after buying an additional 1,530 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insiders Place Their Bets

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the transaction, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada lifted their price target on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays boosted their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, TD Securities raised their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Stock Performance

Shares of CLS opened at $82.56 on Friday. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The company’s 50 day simple moving average is $108.09 and its 200 day simple moving average is $88.07. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.