Celestica, Inc. $CLS Stock Holdings Lessened by First National Bank of Hutchinson

First National Bank of Hutchinson lessened its stake in shares of Celestica, Inc. (NYSE:CLSFree Report) (TSE:CLS) by 37.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,270 shares of the technology company’s stock after selling 1,953 shares during the period. First National Bank of Hutchinson’s holdings in Celestica were worth $806,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp acquired a new stake in Celestica during the 3rd quarter worth about $31,000. Golden State Wealth Management LLC lifted its stake in Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. Avion Wealth purchased a new stake in Celestica during the third quarter valued at about $40,000. Finally, LRI Investments LLC acquired a new position in shares of Celestica in the third quarter worth about $44,000. 67.38% of the stock is owned by institutional investors.

Insider Buying and Selling

In related 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 transaction, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the completion of the sale, the president owned 12,584 shares of the company’s stock, 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. Over the last three months, insiders sold 297,923 shares of company stock worth $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CLS shares. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Bank of America began coverage on shares of Celestica in a research note on Wednesday, January 28th. They set a “buy” rating and a $400.00 target price on the stock. New Street Research set a $400.00 target price on Celestica in a research report on Wednesday, October 29th. Canadian Imperial Bank of Commerce upped their price target on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Finally, Barclays increased their price objective on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

Get Our Latest Stock Analysis on Celestica

Key Stories Impacting Celestica

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Celestica Stock Performance

Shares of CLS stock opened at $307.36 on Friday. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $363.40. The stock’s 50-day moving average is $307.14 and its two-hundred day moving average is $271.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The firm has a market cap of $35.36 billion, a P/E ratio of 42.81 and a beta of 1.86.

Celestica Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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