3,305 Shares in Celestica, Inc. $CLS Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,305 shares of the technology company’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in shares of Celestica during the second quarter worth about $236,069,000. SRS Investment Management LLC acquired a new position in Celestica during the 2nd quarter worth approximately $135,289,000. Picton Mahoney Asset Management acquired a new position in Celestica during the 2nd quarter worth approximately $90,425,000. Legal & General Group Plc grew its stake in shares of Celestica by 103.3% during the 2nd quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock worth $115,961,000 after acquiring an additional 377,825 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Celestica by 25.8% in the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock valued at $286,184,000 after purchasing an additional 375,910 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CLS shares. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. TD Securities upped their target price on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a report on Friday, January 30th. Barclays raised their price target on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Celestica Price Performance

Shares of NYSE CLS opened at $267.71 on Tuesday. 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 business’s 50 day moving average price is $295.17 and its two-hundred day moving average price is $285.77. The company has a market cap of $30.80 billion, a PE ratio of 37.28 and a beta of 1.88. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40.

Insider Buying and Selling

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the transaction, the president directly owned 12,584 shares in the company, valued at $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Todd C. Cooper sold 89,484 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 $25,722,175.80. Following the sale, the president owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. This represents a 45.09% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by 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.