BW Gestao de Investimentos Ltda. Decreases Holdings in Celestica, Inc. $CLS

BW Gestao de Investimentos Ltda. decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 54.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,000 shares of the technology company’s stock after selling 29,200 shares during the quarter. BW Gestao de Investimentos Ltda.’s holdings in Celestica were worth $5,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 worth $20,349,000 after acquiring an additional 8,884 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Celestica by 33.1% during the 2nd quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after purchasing an additional 87 shares during the last quarter. Golden State Wealth Management LLC raised its position in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the period. Metis Global Partners LLC raised its position in Celestica by 44.2% in the 2nd quarter. Metis Global Partners LLC now owns 4,944 shares of the technology company’s stock worth $772,000 after purchasing an additional 1,516 shares during the period. Finally, Prospera Financial Services Inc bought a new stake in Celestica in the second quarter worth $242,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

CLS stock opened at $267.71 on Tuesday. The firm’s 50-day moving average price is $295.17 and its two-hundred day moving average price is $285.77. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The stock has a market capitalization of $30.80 billion, a price-to-earnings ratio of 37.28 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Barclays upped their price target on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a research note on Thursday, January 22nd. Bank of America began coverage on Celestica in a report on Wednesday, January 28th. They set a “buy” rating and a $400.00 target price for the company. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Finally, TD Securities lifted their price target on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a research note on Friday, January 30th. Two research 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Insider Buying and Selling

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This represents a 88.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the 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 SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock valued at $88,027,459 over the last ninety days. 0.52% of the stock is owned by insiders.

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.