Jones Financial Companies Lllp Buys 2,020 Shares of Celestica, Inc. $CLS

Jones Financial Companies Lllp raised its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 33.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,069 shares of the technology company’s stock after acquiring an additional 2,020 shares during the quarter. Jones Financial Companies Lllp’s holdings in Celestica were worth $1,967,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mutual Advisors LLC bought a new position in shares of Celestica during the 3rd quarter worth approximately $2,503,000. Thrivent Financial for Lutherans bought a new position in shares of Celestica in the third quarter valued at about $13,174,000. Lingohr Asset Management GmbH lifted its stake in shares of Celestica by 1,099.6% during the 3rd quarter. Lingohr Asset Management GmbH now owns 22,864 shares of the technology company’s stock worth $5,624,000 after buying an additional 20,958 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Celestica by 78.9% during the 3rd quarter. Foundations Investment Advisors LLC now owns 8,567 shares of the technology company’s stock worth $2,111,000 after buying an additional 3,777 shares during the last quarter. Finally, Hollencrest Capital Management bought a new stake in shares of Celestica during the 3rd quarter worth about $187,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Stifel Nicolaus restated a “buy” rating and issued a $385.00 price target (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. Barclays upped their price objective on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a report on Friday, January 30th. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Celestica Trading Up 3.9%

Shares of Celestica stock opened at $319.44 on Tuesday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a market capitalization of $36.75 billion, a price-to-earnings ratio of 44.49 and a beta of 1.86. The firm’s 50-day moving average price is $307.17 and its two-hundred day moving average price is $273.73.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 1,145 shares of the business’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 1,065 shares of the stock in a transaction dated 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 of the company’s stock, valued at $30,894,084.70. This trade represents a 0.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 297,923 shares of company stock worth $88,027,459 over the last three months. Insiders own 0.52% of the company’s stock.

About Celestica

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.