Celestica, Inc. $CLS Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 38.5% in the third quarter, Holdings Channel reports. The institutional investor owned 357,341 shares of the technology company’s stock after selling 223,748 shares during the period. Celestica makes up 0.8% of Picton Mahoney Asset Management’s holdings, making the stock its 21st biggest holding. Picton Mahoney Asset Management’s holdings in Celestica were worth $87,915,000 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 business. Golden State Wealth Management LLC raised its position in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the last quarter. First Horizon Corp purchased a new position in Celestica in the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Celestica during the second quarter worth approximately $40,000. Finally, Avion Wealth purchased a new stake in shares of Celestica during the 3rd quarter worth approximately $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $400.00 target price on shares of Celestica in a research report on Thursday, January 22nd. Barclays upped their price objective on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Bank of America started coverage on Celestica in a research report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 target price for the company. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Celestica Stock Performance

NYSE CLS opened at $256.61 on Wednesday. The firm has a market cap of $29.52 billion, a P/E ratio of 35.74 and a beta of 1.88. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The business’s 50-day moving average price is $298.60 and its 200 day moving average price is $283.58. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling at Celestica

In other news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Jason Phillips sold 100,000 shares of the company’s 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 sale, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This trade represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is currently owned by insiders.

Celestica Company 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.