Swiss National Bank Reduces Stock Position in Celestica, Inc. $CLS

Swiss National Bank trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 330,900 shares of the technology company’s stock after selling 21,400 shares during the period. Swiss National Bank’s holdings in Celestica were worth $81,463,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its stake in Celestica by 7.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 130,351 shares of the technology company’s stock worth $20,349,000 after buying an additional 8,884 shares in the last quarter. First Horizon Advisors Inc. raised its holdings in Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after buying an additional 87 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Celestica by 44.2% in the 2nd quarter. Metis Global Partners LLC now owns 4,944 shares of the technology company’s stock worth $772,000 after acquiring an additional 1,516 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Celestica in the second quarter worth approximately $242,000. Finally, Aviva PLC boosted its stake in shares of Celestica by 6.7% during the second quarter. Aviva PLC now owns 81,774 shares of the technology company’s stock valued at $12,774,000 after purchasing an additional 5,150 shares during the period. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

CLS has been the topic of several research reports. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a research report on Thursday, January 22nd. Finally, Barclays upped their price objective on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $356.59.

Celestica Stock Up 0.4%

NYSE:CLS opened at $269.08 on Wednesday. The company has a market cap of $30.96 billion, a PE ratio of 37.48 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company’s 50 day moving average is $294.56 and its two-hundred day moving average is $286.33.

Insider Activity

In other news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the stock in a transaction 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 297,923 shares of company stock valued at $88,027,459 in the last quarter. 0.52% 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.