Advisors Asset Management Inc. Sells 7,870 Shares of Celestica, Inc. $CLS

Advisors Asset Management Inc. trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 9.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 78,711 shares of the technology company’s stock after selling 7,870 shares during the quarter. Advisors Asset Management Inc. owned approximately 0.07% of Celestica worth $19,393,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB boosted its position 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 buying an additional 37 shares during the period. World Equity Group Inc. grew its position in Celestica by 1.7% in 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 last quarter. Pure Financial Advisors LLC grew its position 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 acquiring an additional 50 shares during the last quarter. McIlrath & Eck LLC increased its stake in Celestica by 43.3% in the third quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock worth $45,000 after purchasing an additional 55 shares during the period. Finally, Rothschild Investment LLC increased its stake in Celestica by 20.0% in the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock worth $61,000 after buying an additional 65 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the business’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 transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, President Todd C. Cooper sold 1,065 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the sale, the president owned 108,970 shares of the company’s stock, valued at $30,894,084.70. This trade represents a 0.97% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. UBS Group upped their target price on Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Celestica in a report on Thursday, January 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Bank of America started coverage on Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Celestica Stock Performance

Shares of CLS stock opened at $297.79 on Wednesday. The stock’s 50-day moving average is $307.04 and its two-hundred day moving average is $274.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The firm has a market cap of $34.26 billion, a price-to-earnings ratio of 41.47 and a beta of 1.86.

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.