Celestica, Inc. $CLS Position Cut by Sirios Capital Management L P

Sirios Capital Management L P reduced its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 85.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,513 shares of the technology company’s stock after selling 73,172 shares during the quarter. Sirios Capital Management L P’s holdings in Celestica were worth $3,083,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Celestica by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,738,673 shares of the technology company’s stock valued at $1,166,093,000 after acquiring an additional 97,755 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares in the last quarter. Franklin Resources Inc. grew its position in Celestica by 4.8% in the third quarter. Franklin Resources Inc. now owns 1,921,417 shares of the technology company’s stock worth $473,386,000 after buying an additional 88,212 shares during the last quarter. Norges Bank acquired a new position in Celestica in the second quarter worth approximately $236,069,000. Finally, Bank of Montreal Can increased its holdings in shares of Celestica by 16.8% in the third quarter. Bank of Montreal Can now owns 1,130,923 shares of the technology company’s stock valued at $278,236,000 after buying an additional 162,569 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the business’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the completion of 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 position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is currently owned by company insiders.

Celestica Stock Performance

Shares of Celestica stock 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 quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. The stock has a market cap of $30.35 billion, a PE ratio of 36.75 and a beta of 1.88. The business has a fifty day simple moving average of $292.58 and a 200-day simple moving average of $286.54.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Barclays raised 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. TD Securities upped their target price on Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a report on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price target on shares of Celestica in a research report on Thursday, January 22nd. Bank of America began coverage on Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus target price of $354.24.

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.