Claret Asset Management Corp Has $2.34 Million Stock Position in Celestica, Inc. $CLS

Claret Asset Management Corp reduced its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 31.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 9,482 shares of the technology company’s stock after selling 4,340 shares during the quarter. Claret Asset Management Corp’s holdings in Celestica were worth $2,336,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC raised its stake in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after acquiring an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Celestica by 42.5% during the 3rd 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 in the last quarter. First Horizon Corp acquired a new stake in shares of Celestica during the 3rd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Celestica during the 2nd quarter valued at about $40,000. Finally, Avion Wealth acquired a new position in Celestica in the third quarter valued at about $40,000. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In related news, insider Yann L. Etienvre sold 1,145 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 1,065 shares of the stock in a transaction that occurred on 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 transaction, the president owned 108,970 shares in the company, valued at $30,894,084.70. This represents a 0.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 297,923 shares of company stock worth $88,027,459 over the last three months. 0.52% of the stock is currently owned by company insiders.

Celestica Trading Up 7.3%

CLS stock opened at $267.71 on Tuesday. The company has a market cap of $30.80 billion, a P/E ratio of 37.28 and a beta of 1.88. 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 1.44 and a debt-to-equity ratio of 0.34. The business has a fifty day moving average of $295.17 and a 200-day moving average of $285.77.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CLS shares. Canaccord Genuity Group raised their price objective on shares of Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. TD Securities increased their target price on Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a report on Friday, January 30th. TD Cowen restated a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

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.