Orion Porfolio Solutions LLC Acquires 8,564 Shares of Celestica, Inc. $CLS

Orion Porfolio Solutions LLC increased its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 418.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,609 shares of the technology company’s stock after acquiring an additional 8,564 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in Celestica were worth $2,614,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLS. Bank of New York Mellon Corp lifted its holdings in Celestica by 7.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 130,351 shares of the technology company’s stock valued at $20,349,000 after purchasing an additional 8,884 shares during the last quarter. First Horizon Advisors Inc. increased its holdings in shares of Celestica by 33.1% in the second quarter. First Horizon Advisors Inc. now owns 350 shares of the technology company’s stock valued at $55,000 after purchasing an additional 87 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Celestica by 44.2% in the second quarter. Metis Global Partners LLC now owns 4,944 shares of the technology company’s stock valued at $772,000 after purchasing an additional 1,516 shares during the period. Prospera Financial Services Inc bought a new position in shares of Celestica in the second quarter valued at about $242,000. Finally, Aviva PLC lifted its stake in shares of Celestica by 6.7% during the 2nd quarter. Aviva PLC now owns 81,774 shares of the technology company’s stock worth $12,774,000 after buying an additional 5,150 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on CLS shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 price target on shares of Celestica in a report on Thursday, January 22nd. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research report on Monday, January 26th. Finally, Wolfe Research upgraded Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Two investment 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. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average price target of $356.59.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 1,145 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $324,618.95. The transaction 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 stock in a transaction that occurred 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 transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 297,923 shares of company stock valued at $88,027,459 in the last quarter. Company insiders own 0.52% of the company’s stock.

Celestica Trading Up 0.4%

CLS stock opened at $269.08 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.88 and a current ratio of 1.44. The company’s 50-day simple moving average is $294.56 and its 200 day simple moving average is $286.33. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a market capitalization of $30.96 billion, a PE ratio of 37.48 and a beta of 1.88.

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.