R Squared Ltd Sells 1,966 Shares of Celestica, Inc. $CLS

R Squared Ltd trimmed its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 35.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,586 shares of the technology company’s stock after selling 1,966 shares during the period. R Squared Ltd’s holdings in Celestica were worth $884,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Celestica by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 4,738,673 shares of the technology company’s stock valued at $1,166,093,000 after acquiring an additional 97,755 shares during the period. Franklin Resources Inc. increased its stake in 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Celestica by 17.6% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock valued at $271,045,000 after purchasing an additional 259,504 shares during the period. Norges Bank bought a new position in shares of Celestica during the 2nd quarter worth about $236,069,000. Finally, Geode Capital Management LLC grew its stake in shares of Celestica by 27.6% in the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock valued at $153,449,000 after buying an additional 208,249 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of a number of research reports. Bank of America initiated coverage on Celestica in a research note on Wednesday, January 28th. They set a “buy” rating and a $400.00 price target on the stock. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Aletheia Capital upped their target price on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, TD Cowen restated a “hold” rating on shares of Celestica 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 assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica Stock Down 5.1%

Shares of NYSE:CLS opened at $279.08 on Friday. The business’s 50 day moving average is $300.63 and its 200 day moving average is $281.13. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The stock has a market cap of $32.11 billion, a price-to-earnings ratio of 38.87 and a beta of 1.86. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Insiders Place Their Bets

In related news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the company’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 completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. The trade was 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 valued at $88,027,459 in the last three months. 0.52% of the stock is currently owned by insiders.

Celestica Company 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.