O Neil Global Advisors Inc. Purchases New Shares in Celestica, Inc. $CLS

O Neil Global Advisors Inc. acquired a new position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 2,794 shares of the technology company’s stock, valued at approximately $688,000.

A number of other institutional investors have also recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Celestica by 42.5% during the third 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 during the period. First Horizon Corp acquired a new stake in Celestica during the third quarter worth approximately $31,000. Golden State Wealth Management LLC increased its stake in Celestica by 102.5% during the 2nd 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 during the period. Avion Wealth bought a new position in Celestica during the 3rd quarter worth $40,000. Finally, Fifth Third Bancorp raised its holdings in Celestica by 48.7% in the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after acquiring an additional 56 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 1,065 shares of the business’s stock in a transaction 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 sale, the president owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by insiders.

Celestica Stock Up 0.7%

Shares of NYSE CLS opened at $293.44 on Monday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a market cap of $33.76 billion, a price-to-earnings ratio of 40.87 and a beta of 1.86. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The stock has a 50-day moving average price of $300.04 and a two-hundred day moving average price of $279.75.

Analysts Set New Price Targets

A number of analysts have recently weighed in on CLS shares. Aletheia Capital upped their target price on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price objective on shares of Celestica in a research report on Thursday, January 22nd. UBS Group increased their price objective on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and an average price target 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.