Celestica, Inc. $CLS Shares Sold by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC cut its holdings in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 51.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 149,950 shares of the technology company’s stock after selling 156,184 shares during the quarter. Celestica accounts for 3.0% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its 13th largest position. Neumeier Poma Investment Counsel LLC’s holdings in Celestica were worth $36,945,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Celestica by 2.1% in the third quarter. Vanguard Group Inc. now owns 4,738,673 shares of the technology company’s stock worth $1,166,093,000 after acquiring an additional 97,755 shares in the last quarter. Franklin Resources Inc. grew its stake in Celestica by 25.8% during the 2nd quarter. Franklin Resources Inc. now owns 1,833,205 shares of the technology company’s stock worth $286,184,000 after purchasing an additional 375,910 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Celestica by 17.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,733,686 shares of the technology company’s stock worth $271,045,000 after purchasing an additional 259,504 shares during the period. Norges Bank acquired a new stake in Celestica in the 2nd quarter valued at about $236,069,000. Finally, Geode Capital Management LLC boosted its stake in shares of Celestica by 27.6% in the 2nd quarter. Geode Capital Management LLC now owns 962,521 shares of the technology company’s stock valued at $153,449,000 after buying an additional 208,249 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 1,145 shares of Celestica stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock valued at $88,027,459 in the last ninety days. 0.52% of the stock is currently owned by insiders.

Analyst Ratings Changes

CLS has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 29th. The Goldman Sachs Group boosted their target price on shares of Celestica from $340.00 to $440.00 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Bank of America initiated coverage on Celestica in a research report on Wednesday, January 28th. They set a “buy” rating and a $400.00 price objective for the company. Finally, TD Cowen restated a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Two 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 stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica Stock Performance

Shares of CLS stock opened at $294.46 on Thursday. The firm has a market capitalization of $33.88 billion, a price-to-earnings ratio of 41.01 and a beta of 1.86. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The business’s 50-day moving average price is $300.46 and its 200-day moving average price is $281.14. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40.

Celestica 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.