Eleva Capital SAS acquired a new stake in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 6,564 shares of the technology company’s stock, valued at approximately $2,372,000. Celestica comprises about 2.0% of Eleva Capital SAS’s holdings, making the stock its 12th largest holding.
Several other large investors also recently bought and sold shares of CLS. Legacy Wealth Managment LLC ID raised its position in Celestica by 14.4% in the 1st quarter. Legacy Wealth Managment LLC ID now owns 223 shares of the technology company’s stock worth $63,000 after buying an additional 28 shares during the last quarter. Capital Planning LLC grew its stake in shares of Celestica by 3.2% in the first quarter. Capital Planning LLC now owns 1,025 shares of the technology company’s stock worth $289,000 after acquiring an additional 32 shares during the period. PCB Capital LLC raised its holdings in shares of Celestica by 3.5% during the first quarter. PCB Capital LLC now owns 995 shares of the technology company’s stock valued at $280,000 after purchasing an additional 34 shares during the last quarter. XML Financial LLC raised its holdings in shares of Celestica by 1.5% during the second quarter. XML Financial LLC now owns 2,640 shares of the technology company’s stock valued at $963,000 after purchasing an additional 40 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its position in Celestica by 0.9% during the second quarter. Sequoia Financial Advisors LLC now owns 4,363 shares of the technology company’s stock valued at $1,592,000 after purchasing an additional 40 shares during the period. 67.38% of the stock is currently owned by institutional investors.
Celestica Price Performance
Shares of NYSE CLS traded down $0.05 during mid-day trading on Tuesday, hitting $382.64. 538,842 shares of the company’s stock traded hands, compared to its average volume of 2,413,344. The company has a market capitalization of $44.00 billion, a P/E ratio of 39.76 and a beta of 2.01. Celestica, Inc. has a 1 year low of $230.24 and a 1 year high of $474.02. The company’s 50-day moving average is $331.68 and its two-hundred day moving average is $346.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.23 and a quick ratio of 0.68.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on CLS. Sanford C. Bernstein began coverage on shares of Celestica in a research note on Wednesday, September 30th. They set an “outperform” rating and a $520.00 target price for the company. TD set a $430.00 price objective on Celestica and gave the stock a “buy” rating in a report on Wednesday, September 16th. Weiss Ratings downgraded Celestica from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, August 13th. Scotiabank began coverage on Celestica in a research report on Tuesday, August 11th. They issued a “sector outperform” rating and a $500.00 target price on the stock. Finally, FBN Securities started coverage on Celestica in a research report on Tuesday, September 15th. They issued an “outperform” rating and a $375.00 price target for the company. Twenty-three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $450.50.
Read Our Latest Stock Analysis on CLS
Insider Activity
In other Celestica news, CFO Mandeep Chawla sold 16,117 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $369.32, for a total transaction of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares in the company, valued at $24,169,778.08. This represents a 19.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 20,118 shares of Celestica stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total value of $7,242,480.00. Following the completion of the transaction, the president owned 73,252 shares in the company, valued at $26,370,720. This represents a 21.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 243,067 shares of company stock worth $89,200,967. Corporate insiders own 1.10% of the company’s stock.
About Celestica
Celestica Inc (NYSE: CLS) is a global provider of design, manufacturing, and supply-chain services for original equipment manufacturers and other technology companies. The company helps customers develop, produce, deploy, and support complex hardware and electronic systems, serving industries such as communications, enterprise technology, aerospace and defense, industrial technology, health care, and semiconductor equipment.
Its services include product design and engineering, printed circuit board and systems assembly, manufacturing, testing, logistics, aftermarket support, and supply-chain management.
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