Celestica, Inc. $CLS Shares Sold by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC decreased its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 31.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,836 shares of the technology company’s stock after selling 6,208 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Celestica were worth $4,096,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Celestica by 471.5% in the third 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 purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $424,459,000. Norges Bank purchased a new stake in shares of Celestica in the 2nd quarter valued at approximately $236,069,000. SRS Investment Management LLC acquired a new position in Celestica in the 2nd quarter worth approximately $135,289,000. Finally, Picton Mahoney Asset Management purchased a new position in Celestica during the 2nd quarter worth approximately $90,425,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Down 5.5%

Shares of NYSE:CLS opened at $268.69 on Friday. The firm has a fifty day moving average of $290.27 and a two-hundred day moving average of $289.77. The firm has a market capitalization of $30.91 billion, a P/E ratio of 37.42 and a beta of 1.88. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34.

Insider Buying and Selling

In related news, 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 value of $30,892,000.00. Following the transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 297,923 shares of company stock worth $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent analyst reports. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. Canadian Imperial Bank of Commerce decreased their target price on Celestica from $400.00 to $360.00 and set an “outperform” rating for the company in a research report 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 report on Friday, January 30th. Canaccord Genuity Group upped their price target on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average 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.