Celestica, Inc. $CLS Stock Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 35.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 199,320 shares of the technology company’s stock after purchasing an additional 52,230 shares during the period. Mackenzie Financial Corp’s holdings in Celestica were worth $49,038,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Franklin Resources Inc. increased its stake in shares of Celestica by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock valued at $473,386,000 after purchasing an additional 88,212 shares during the period. Magnetar Financial LLC boosted its position in shares of Celestica by 888.3% during the third quarter. Magnetar Financial LLC now owns 23,502 shares of the technology company’s stock worth $5,790,000 after buying an additional 21,124 shares during the period. Van ECK Associates Corp grew its holdings in Celestica by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 20,858 shares of the technology company’s stock worth $5,132,000 after buying an additional 524 shares in the last quarter. Bank of Montreal Can grew its holdings in Celestica by 16.8% in the 3rd quarter. Bank of Montreal Can now owns 1,130,923 shares of the technology company’s stock worth $278,236,000 after buying an additional 162,569 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Celestica by 30.9% in the 3rd quarter. Legal & General Group Plc now owns 973,112 shares of the technology company’s stock valued at $239,527,000 after acquiring an additional 229,542 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity at Celestica

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

Celestica Stock Performance

CLS opened at $265.03 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. The firm has a market cap of $30.49 billion, a PE ratio of 36.91 and a beta of 1.88. The business has a fifty day simple moving average of $293.34 and a 200-day simple moving average of $286.04. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40.

Analysts Set New Price Targets

Several analysts have weighed in on CLS shares. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Citigroup decreased their price target on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Zacks Research upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Finally, Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $354.24.

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.