Bank of Nova Scotia Sells 1,898 Shares of Celestica, Inc. $CLS

Bank of Nova Scotia lowered its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 166,438 shares of the technology company’s stock after selling 1,898 shares during the period. Bank of Nova Scotia owned about 0.14% of Celestica worth $40,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Pinney & Scofield Inc. boosted its stake in shares of Celestica by 20.0% during the third quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after purchasing an additional 30 shares in the last quarter. MassMutual Private Wealth & Trust FSB grew 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 worth $31,000 after purchasing an additional 37 shares during the last quarter. World Equity Group Inc. increased its stake in shares of Celestica by 1.7% in the third quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock valued at $558,000 after buying an additional 38 shares during the period. Pure Financial Advisors LLC raised its holdings 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. Finally, 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 buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS opened at $263.83 on Monday. The firm has a market cap of $30.35 billion, a PE ratio of 36.75 and a beta of 1.88. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40. The business’s 50 day moving average price is $292.58 and its two-hundred day moving average price is $287.75. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 target price on shares of Celestica in a report on Thursday, January 22nd. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Finally, Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. 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. Based on data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target of $354.24.

Insider Activity at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the firm’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 completion of the sale, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. This trade represents a 45.09% decrease in their ownership of the stock. 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 in the last quarter. Company insiders own 0.52% of the company’s stock.

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.