R Squared Ltd Decreases Stock Holdings in Celestica, Inc. $CLS

R Squared Ltd lowered its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 35.4% during the 3rd quarter, Holdings Channel reports. The firm owned 3,586 shares of the technology company’s stock after selling 1,966 shares during the period. R Squared Ltd’s holdings in Celestica were worth $884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its stake in shares of Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new position in Celestica during the third quarter valued at about $31,000. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Avion Wealth bought a new stake in Celestica in the third quarter worth about $40,000. Finally, Fifth Third Bancorp boosted its stake 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 owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE:CLS opened at $279.08 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The firm has a market cap of $32.11 billion, a price-to-earnings ratio of 38.87 and a beta of 1.86. The business’s fifty day moving average is $300.63 and its 200 day moving average is $281.13.

Insider Buying and Selling at Celestica

In related news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the sale, the president directly owned 108,970 shares in the company, valued at $31,323,426.50. This trade represents a 45.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 297,923 shares of company stock valued at $88,027,459 in the last quarter. 0.52% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

CLS has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Wolfe Research raised Celestica to a “strong-buy” rating in a report on Tuesday, February 17th. TD Cowen restated a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Citigroup dropped their price target on Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research report on Friday, January 30th. Finally, Bank of America started coverage on Celestica in a report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

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.