Celestica, Inc. $CLS Shares Sold by Sigma Planning Corp

Sigma Planning Corp decreased its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 19.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,092 shares of the technology company’s stock after selling 2,253 shares during the period. Sigma Planning Corp’s holdings in Celestica were worth $3,286,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CLS. Cibc World Market Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at $757,811,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Celestica during the 2nd quarter worth $674,199,000. Bank of America Corp DE acquired a new stake in shares of Celestica during the 2nd quarter worth $444,899,000. Royal Bank of Canada increased its holdings in shares of Celestica by 13.8% during the 1st quarter. Royal Bank of Canada now owns 1,283,561 shares of the technology company’s stock worth $361,553,000 after buying an additional 156,040 shares during the last quarter. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Celestica in the 2nd quarter worth about $351,717,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 5.0%

Shares of Celestica stock opened at $247.03 on Tuesday. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02. The company has a market capitalization of $28.40 billion, a PE ratio of 25.68 and a beta of 2.01. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68. The business has a 50-day moving average of $327.22 and a 200-day moving average of $331.72.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.37. The firm had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.39 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. As a group, equities analysts forecast that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 98,453 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $368.99, for a total transaction of $36,328,172.47. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the transaction, the president directly owned 73,252 shares of the company’s stock, valued at approximately $26,370,720. This represents a 21.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 243,067 shares of company stock worth $89,200,967 in the last ninety days. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a research note on Friday. TD Cowen reissued a “buy” rating on shares of Celestica in a research report on Wednesday, September 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Celestica in a report on Thursday, October 15th. Wall Street Zen downgraded shares of Celestica from a “buy” rating to a “hold” rating in a research report on Sunday, September 6th. Finally, Royal Bank Of Canada set a $450.00 price objective on shares of Celestica and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Twenty-four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $448.30.

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.