Public Sector Pension Investment Board Purchases New Position in Celestica, Inc. $CLS

Public Sector Pension Investment Board acquired a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 7,278 shares of the technology company’s stock, valued at approximately $1,791,000.

Several other institutional investors have also added to or reduced their stakes in CLS. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Celestica by 42.5% during 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 in the last quarter. World Equity Group Inc. lifted its stake in Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after acquiring an additional 38 shares during the period. Pure Financial Advisors LLC lifted its stake in Celestica by 3.2% during the 3rd quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock valued at $398,000 after acquiring an additional 50 shares during the period. McIlrath & Eck LLC boosted its holdings in shares of Celestica by 43.3% during 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 last quarter. Finally, Rothschild Investment LLC grew its stake in shares of Celestica by 20.0% in the second quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after acquiring an additional 65 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Performance

NYSE CLS opened at $293.44 on Monday. The business has a 50 day simple moving average of $300.04 and a two-hundred day simple moving average of $279.75. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The stock has a market capitalization of $33.76 billion, a PE ratio of 40.87 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Wall Street Analyst Weigh In

CLS has been the topic of a number of research analyst reports. Bank of America initiated coverage on shares of Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective on the stock. Barclays increased their price target on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a report on Friday, January 30th. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a report on Friday, January 30th. Canaccord Genuity Group upped their price objective on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Aletheia Capital increased their target price on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $301,938.15. Following the transaction, the president owned 108,970 shares of the company’s stock, valued at $30,894,084.70. This represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The disclosure for this sale is available in the SEC filing. Over the last three months, 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 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.