Dimensional Fund Advisors LP Has $269.03 Million Stock Holdings in Celestica, Inc. $CLS

Dimensional Fund Advisors LP trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,091,947 shares of the technology company’s stock after selling 38,808 shares during the quarter. Dimensional Fund Advisors LP owned 0.95% of Celestica worth $269,033,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Bank of New York Mellon Corp raised its stake in shares of Celestica by 7.3% during the second quarter. Bank of New York Mellon Corp now owns 130,351 shares of the technology company’s stock valued at $20,349,000 after acquiring an additional 8,884 shares during the last quarter. Prosperity Consulting Group LLC bought a new stake in shares of Celestica in the second quarter worth $207,000. First Horizon Advisors Inc. grew its stake in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock worth $55,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% in the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Finally, Smart Money Group LLC acquired a new stake in Celestica in the second quarter valued at $234,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. TD Cowen reissued a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Royal Bank Of Canada restated an “outperform” rating and set a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. Canaccord Genuity Group lifted their price objective on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Finally, TD Securities increased their target price on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Insider Activity at Celestica

In related news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was 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 $3,887,449.28. This represents a 88.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $249.58 on Friday. The business has a 50-day moving average price of $295.88 and a two-hundred day moving average price of $283.75. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The company has a market cap of $28.71 billion, a P/E ratio of 34.76 and a beta of 1.88.

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.