Park Square Financial Group LLC Has $28,000 Stake in Celestica, Inc. $CLS

Park Square Financial Group LLC reduced its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 97.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113 shares of the technology company’s stock after selling 3,736 shares during the quarter. Park Square Financial Group LLC’s holdings in Celestica were worth $28,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. increased its stake in Celestica by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,738,673 shares of the technology company’s stock worth $1,166,093,000 after purchasing an additional 97,755 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Celestica by 25.8% in the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after buying an additional 375,910 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Celestica by 17.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after buying an additional 259,504 shares during the period. Norges Bank bought a new stake in shares of Celestica during the second quarter worth $236,069,000. Finally, Geode Capital Management LLC raised its holdings in shares of Celestica by 27.6% during the second quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock worth $153,449,000 after acquiring an additional 208,249 shares during the period. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CLS shares. Canaccord Genuity Group boosted their price objective on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Aletheia Capital lifted their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price objective on shares of Celestica in a report on Thursday, January 22nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Insider Transactions at Celestica

In other news, President Jason Phillips sold 100,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Celestica Price Performance

NYSE:CLS opened at $277.43 on Monday. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The company has a market cap of $31.92 billion, a P/E ratio of 38.64 and a beta of 1.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock’s 50-day simple moving average is $300.32 and its 200 day simple moving average is $282.66.

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.