SBI Securities Co. Ltd. Increases Stake in Celestica, Inc. $CLS

SBI Securities Co. Ltd. lifted its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 76.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 7,009 shares of the technology company’s stock after buying an additional 3,046 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Celestica were worth $1,727,000 at the end of the most recent reporting period.

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

Celestica Price Performance

Shares of CLS stock opened at $294.91 on Friday. The company has a market capitalization of $33.93 billion, a P/E ratio of 41.07 and a beta of 1.86. The company’s 50-day simple moving average is $307.87 and its two-hundred day simple moving average is $270.11. 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 0.37, a current ratio of 1.47 and a quick ratio of 0.88.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction, the president directly owned 108,970 shares in the company, valued at $31,323,426.50. The trade was a 45.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CLS shares. Stifel Nicolaus reissued a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. TD Cowen reissued a “hold” rating on shares of Celestica in a report on Friday, January 30th. Citigroup dropped their price target on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research report on Friday, January 30th. JPMorgan Chase & Co. lifted their price objective 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. Finally, Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Fifteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

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.