Celestica, Inc. $CLS Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 1.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 174,380 shares of the technology company’s stock after purchasing an additional 1,758 shares during the quarter. Envestnet Asset Management Inc. owned about 0.15% of Celestica worth $42,954,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CLS. Allianz Asset Management GmbH grew its holdings in shares of Celestica by 7.3% during the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after buying an additional 22,863 shares during the last quarter. Mission Wealth Management LP lifted its position in Celestica by 107.2% during the 3rd quarter. Mission Wealth Management LP now owns 12,562 shares of the technology company’s stock worth $3,095,000 after acquiring an additional 6,500 shares during the period. Buck Wealth Strategies LLC grew its stake in Celestica by 108.3% during the 3rd quarter. Buck Wealth Strategies LLC now owns 3,939 shares of the technology company’s stock valued at $970,000 after purchasing an additional 2,048 shares during the last quarter. Money Concepts Capital Corp acquired a new position in shares of Celestica in the third quarter valued at about $201,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Celestica by 33.4% in the third quarter. Jones Financial Companies Lllp now owns 8,069 shares of the technology company’s stock worth $1,967,000 after purchasing an additional 2,020 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In other news, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction dated 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 sale, the president owned 12,584 shares in the company, valued at $3,887,449.28. This trade represents a 88.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at $30,894,084.70. This represents a 0.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by company insiders.

Celestica Price Performance

Shares of Celestica stock opened at $297.79 on Wednesday. The firm has a market cap of $34.26 billion, a PE ratio of 41.47 and a beta of 1.86. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $307.04 and a 200 day moving average price of $274.63.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent research reports. Stifel Nicolaus reiterated a “buy” rating and issued a $385.00 target price (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. TD Cowen reissued a “hold” rating on shares of Celestica in a report on Friday, January 30th. Barclays boosted their target price 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. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price target on shares of Celestica in a research report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

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.