HighTower Advisors LLC Has $7.55 Million Position in Celestica, Inc. $CLS

HighTower Advisors LLC decreased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 14.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,626 shares of the technology company’s stock after selling 5,352 shares during the quarter. HighTower Advisors LLC’s holdings in Celestica were worth $7,545,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLS. MassMutual Private Wealth & Trust FSB raised its position in shares of 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 period. World Equity Group Inc. boosted its holdings in shares of Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock worth $558,000 after buying an additional 38 shares during the period. Pure Financial Advisors LLC grew its stake in Celestica by 3.2% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock valued at $398,000 after buying an additional 50 shares during the last quarter. McIlrath & Eck LLC raised its holdings in Celestica by 43.3% in the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock valued at $45,000 after acquiring an additional 55 shares during the period. Finally, Rothschild Investment LLC raised its holdings in Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock valued at $61,000 after acquiring an additional 65 shares during the period. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, President Jason Phillips sold 100,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the sale, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yann L. Etienvre sold 1,145 shares of Celestica stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,923 shares of company stock worth $88,027,459 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Performance

CLS opened at $293.44 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The firm has a market cap of $33.76 billion, a P/E ratio of 40.87 and a beta of 1.86. The business’s fifty day moving average is $300.04 and its 200-day moving average is $279.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CLS shares. Canaccord Genuity Group boosted their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. UBS Group upped their price objective on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a report on Wednesday, October 29th. The Goldman Sachs Group increased their price objective on Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Bank of America began coverage on shares of Celestica in a research report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 target price for the company. Finally, JPMorgan Chase & Co. upped their price target on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research note on Wednesday, October 29th. Two research 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. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $356.59.

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.