FNY Investment Advisers LLC Has $1.37 Million Stake in Celestica, Inc. $CLS

FNY Investment Advisers LLC lowered its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 58.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,546 shares of the technology company’s stock after selling 7,934 shares during the quarter. FNY Investment Advisers LLC’s holdings in Celestica were worth $1,366,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Arrowstreet Capital Limited Partnership raised its holdings in Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after buying an additional 2,596,318 shares during the period. Viking Global Investors LP bought a new position in Celestica in the third quarter valued at approximately $424,459,000. 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 stake in shares of Celestica during the second quarter worth $135,289,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Celestica during the second quarter worth $90,425,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 2.9%

Shares of NYSE:CLS opened at $273.85 on Thursday. The company’s 50-day moving average price is $291.02 and its two-hundred day moving average price is $288.67. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40. 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 stock has a market capitalization of $31.50 billion, a PE ratio of 38.14 and a beta of 1.88.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the firm’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 value of $301,938.15. Following the completion of the transaction, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the business’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 value of $324,618.95. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research note on Wednesday, March 11th. Barclays lifted their price target on Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Bank of America began coverage on Celestica in a report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective for the company. Finally, Canaccord Genuity Group lifted their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.