Sigma Planning Corp Sells 2,253 Shares of Celestica, Inc. $CLS

Sigma Planning Corp trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 19.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,092 shares of the technology company’s stock after selling 2,253 shares during the period. Sigma Planning Corp’s holdings in Celestica were worth $3,286,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CLS. Washington Trust Advisors Inc. acquired a new stake in shares of Celestica in the 2nd quarter worth $28,000. Elevation Wealth Partners LLC acquired a new position in shares of Celestica during the third quarter worth about $28,000. Ascentis Independent Advisors acquired a new position in shares of Celestica during the first quarter worth about $29,000. Mather Group LLC. raised its holdings in Celestica by 266.7% during the third quarter. Mather Group LLC. now owns 121 shares of the technology company’s stock worth $44,000 after purchasing an additional 88 shares in the last quarter. Finally, Harbor Investment Advisory LLC acquired a new stake in Celestica in the second quarter valued at about $58,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. TD set a $430.00 price objective on Celestica and gave the company a “buy” rating in a report on Wednesday, September 16th. Bank of America reiterated a “buy” rating on shares of Celestica in a research report on Wednesday, July 29th. Wolfe Research increased their target price on Celestica from $425.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Wall Street Zen cut Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, BWS Financial reissued a “buy” rating on shares of Celestica in a report on Tuesday, July 28th. Twenty-four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $448.30.

Celestica Stock Performance

CLS opened at $247.03 on Tuesday. Celestica, Inc. has a 1-year low of $244.51 and a 1-year high of $474.02. The stock has a market cap of $28.40 billion, a P/E ratio of 25.68 and a beta of 2.01. The stock’s 50 day simple moving average is $327.22 and its 200 day simple moving average is $331.72. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.

Celestica (NYSE:CLS) (TSE:CLS) last announced its quarterly earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.93 by $0.37. The business had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Celestica had a return on equity of 39.96% and a net margin of 7.16%. As a group, equities analysts anticipate that Celestica, Inc. will post 10.71 EPS for the current fiscal year.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 23,396 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $364.22, for a total value of $8,521,291.12. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Mandeep Chawla sold 16,117 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the transaction, the chief financial officer owned 65,444 shares of the company’s stock, valued at $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 243,067 shares of company stock valued at $89,200,967. Insiders own 1.10% of the company’s stock.

Celestica Profile

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.