RFG Advisory LLC Invests $933,000 in Celestica, Inc. $CLS

RFG Advisory LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,787 shares of the technology company’s stock, valued at approximately $933,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Franklin Resources Inc. lifted its position in Celestica by 25.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock worth $286,184,000 after acquiring an additional 375,910 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its holdings in Celestica by 17.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock worth $271,045,000 after acquiring an additional 259,504 shares in the last quarter. Norges Bank bought a new stake in Celestica in the second quarter valued at about $236,069,000. Geode Capital Management LLC raised its position in shares of Celestica by 27.6% during the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock valued at $153,449,000 after acquiring an additional 208,249 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Celestica by 2.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 925,301 shares of the technology company’s stock worth $143,904,000 after buying an additional 22,280 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

NYSE CLS opened at $274.93 on Friday. The stock has a market capitalization of $31.63 billion, a PE ratio of 38.29 and a beta of 1.86. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a 50 day moving average price of $305.83 and a two-hundred day moving average price of $274.79. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CLS shares. Stifel Nicolaus restated a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. TD Securities raised their price objective on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Finally, New Street Research set a $400.00 target price on Celestica in a research report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 1,145 shares of Celestica stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $324,618.95. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 297,923 shares of company stock valued at $88,027,459 over the last 90 days. 0.52% of the stock is currently owned by company insiders.

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.