GF Fund Management CO. LTD. Reduces Stock Position in Celestica, Inc. $CLS

GF Fund Management CO. LTD. cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 82.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,877 shares of the technology company’s stock after selling 108,673 shares during the period. GF Fund Management CO. LTD.’s holdings in Celestica were worth $5,636,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after acquiring an additional 37 shares during the period. World Equity Group Inc. lifted its holdings in Celestica by 1.7% during the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock worth $558,000 after purchasing an additional 38 shares in the last quarter. Pure Financial Advisors LLC boosted its stake in Celestica by 3.2% in the 3rd quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock worth $398,000 after purchasing an additional 50 shares during the period. McIlrath & Eck LLC boosted its stake in Celestica by 43.3% in the 3rd quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock worth $45,000 after purchasing an additional 55 shares during the period. Finally, Rothschild Investment LLC grew its holdings in Celestica by 20.0% during the 2nd quarter. Rothschild Investment LLC now owns 390 shares of the technology company’s stock valued at $61,000 after buying an additional 65 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 89,484 shares of the firm’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 sale, the president owned 108,970 shares in the company, valued at $31,323,426.50. This trade represents a 45.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares of the company’s stock, valued at $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock valued at $88,027,459 over the last 90 days. 0.52% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a report on Thursday, January 22nd. JPMorgan Chase & Co. increased their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 29th. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. UBS Group upped their price target on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a report on Wednesday, October 29th. Finally, Bank of America assumed coverage on Celestica in a research report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Celestica Stock Performance

Celestica stock opened at $280.86 on Friday. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock has a market cap of $32.31 billion, a P/E ratio of 39.12 and a beta of 1.86. The firm’s fifty day moving average price is $304.95 and its 200-day moving average price is $276.05.

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.