Mackenzie Financial Corp Boosts Stake in Celestica, Inc. $CLS

Mackenzie Financial Corp grew its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 35.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 199,320 shares of the technology company’s stock after acquiring an additional 52,230 shares during the period. Mackenzie Financial Corp owned about 0.17% of Celestica worth $49,038,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CLS. MassMutual Private Wealth & Trust FSB lifted its stake 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 in the last quarter. First Horizon Corp acquired a new stake in Celestica during the 3rd quarter valued at approximately $31,000. Avion Wealth acquired a new stake in Celestica during the 3rd quarter valued at approximately $40,000. Fifth Third Bancorp increased its holdings in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after purchasing an additional 56 shares during the last quarter. Finally, LRI Investments LLC purchased a new stake in Celestica during the 3rd quarter worth approximately $44,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Down 0.3%

NYSE:CLS opened at $265.03 on Friday. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average of $293.34 and a 200-day moving average of $286.04. The firm has a market capitalization of $30.49 billion, a PE ratio of 36.91 and a beta of 1.88. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 89,484 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This trade represents a 45.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares in the company, 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 sold 297,923 shares of company stock worth $88,027,459 in the last 90 days. 0.52% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CLS shares. Aletheia Capital increased their target price on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Citigroup dropped their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Canadian Imperial Bank of Commerce cut their price target on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating on the stock in a report on Wednesday. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a 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 given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $354.24.

Celestica Company 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.