Celestica, Inc. $CLS Holdings Lowered by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 25.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,115 shares of the technology company’s stock after selling 6,246 shares during the period. Celestica accounts for approximately 1.0% of Goldstream Capital Management Ltd’s holdings, making the stock its 13th biggest position. Goldstream Capital Management Ltd’s holdings in Celestica were worth $4,463,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB lifted its position in Celestica by 42.5% in the third 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 acquired a new position in shares of Celestica during the 3rd quarter valued at $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Celestica in the 2nd quarter worth $40,000. Avion Wealth bought a new stake in shares of Celestica in the 3rd quarter worth $40,000. Finally, Fifth Third Bancorp lifted its holdings in shares of 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 buying an additional 56 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Celestica news, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $324,618.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction that occurred 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 completion of the transaction, the president directly owned 108,970 shares in the company, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 297,923 shares of company stock worth $88,027,459. Company insiders own 0.52% of the company’s stock.

Celestica Trading Down 0.4%

Shares of NYSE CLS opened at $263.83 on Friday. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a market cap of $30.35 billion, a price-to-earnings ratio of 36.75 and a beta of 1.88. 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 business has a fifty day simple moving average of $292.58 and a 200-day simple moving average of $286.54.

Analyst Upgrades and Downgrades

CLS has been the subject of several research reports. Barclays raised their target price on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Aletheia Capital upped their price target on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. TD Cowen restated a “hold” rating on shares of Celestica in a research report on Friday, January 30th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.