Swiss National Bank Sells 21,400 Shares of Celestica, Inc. $CLS

Swiss National Bank decreased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 6.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 330,900 shares of the technology company’s stock after selling 21,400 shares during the quarter. Swiss National Bank owned 0.29% of Celestica worth $81,463,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in shares of Celestica in the second quarter valued at approximately $236,069,000. SRS Investment Management LLC bought a new position in shares of Celestica in the second quarter valued at $135,289,000. Picton Mahoney Asset Management bought a new stake in Celestica during the 2nd quarter worth approximately $90,425,000. Legal & General Group Plc lifted its stake in Celestica by 103.3% during the 2nd quarter. Legal & General Group Plc now owns 743,570 shares of the technology company’s stock valued at $115,961,000 after acquiring an additional 377,825 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Celestica by 25.8% during the second quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock worth $286,184,000 after purchasing an additional 375,910 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling at Celestica

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

Analysts Set New Price Targets

CLS has been the topic of a number of research analyst reports. Aletheia Capital boosted their target price on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective on shares of Celestica in a research note on Thursday, January 22nd. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Finally, Barclays increased their price target on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Celestica Stock Up 0.4%

Shares of NYSE:CLS opened at $269.08 on Wednesday. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40. The firm has a fifty day moving average price of $294.56 and a two-hundred day moving average price of $286.33. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88. The company has a market cap of $30.96 billion, a price-to-earnings ratio of 37.48 and a beta of 1.88.

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.