Sigma Planning Corp increased its holdings in shares of Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 17.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 13,907 shares of the technology company’s stock after purchasing an additional 2,065 shares during the quarter. Sigma Planning Corp’s holdings in Celestica were worth $4,111,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB increased its position in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after acquiring an additional 37 shares during the period. First Horizon Corp bought a new position in shares of Celestica in the 3rd quarter valued at $31,000. Atlantic Edge Private Wealth Management LLC bought a new stake in shares of Celestica during the 4th quarter valued at approximately $38,000. Avion Wealth bought a new stake in shares of Celestica during the 3rd quarter valued at approximately $40,000. Finally, Fifth Third Bancorp grew its position in Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after acquiring an additional 56 shares during the last quarter. 67.38% of the stock is owned by institutional investors.
Celestica Stock Up 2.1%
CLS stock opened at $418.29 on Friday. Celestica, Inc. has a twelve month low of $90.00 and a twelve month high of $426.55. The company has a quick ratio of 0.88, a current ratio of 1.26 and a debt-to-equity ratio of 0.36. The stock’s 50 day moving average is $313.88 and its 200-day moving average is $309.08. The firm has a market capitalization of $48.09 billion, a PE ratio of 50.58, a P/E/G ratio of 1.17 and a beta of 2.09.
Analysts Set New Price Targets
A number of equities research analysts have commented on CLS shares. TD Securities upgraded Celestica from a “hold” rating to a “buy” rating and set a $430.00 price target on the stock in a research report on Wednesday. Canadian Imperial Bank of Commerce reissued an “outperform” rating and set a $480.00 target price on shares of Celestica in a research note on Wednesday. Zacks Research lowered Celestica from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Barclays raised their price objective on shares of Celestica from $391.00 to $441.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $427.42.
Get Our Latest Analysis on CLS
Key Headlines Impacting Celestica
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Zacks upgraded Celestica to a Zacks Rank #1 (Strong Buy), boosting near?term buying interest by highlighting stronger earnings prospects. All You Need to Know About Celestica (CLS) Rating Upgrade to Strong Buy
- Positive Sentiment: Analysts collectively raised Celestica’s revenue forecasts (reported as a ~10% lift), which supports higher valuation targets and signals improving outlook for end?market demand. Industry Analysts Just Upgraded Celestica Inc. (TSE:CLS) Revenue Forecasts By 10%
- Positive Sentiment: Major banks raised price targets and reiterated buy/outperform calls: Goldman Sachs lifted its PT from $430 to $475 after an earnings beat; CIBC increased its PT to US$480 and kept an Outperformer rating; JPMorgan also raised its target to $425 and kept an overweight stance. These upgrades underpin investor confidence and act as near?term buying catalysts. Goldman Sachs is Bullish on Celestica Inc. (CLS) CIBC Raises Celestica’s Price Target to US$480 From US$425 Celestica (NYSE:CLS) Given New $425.00 Price Target at JPMorgan Chase & Co.
- Positive Sentiment: Company fundamentals: Celestica reported a Q1 EPS beat (reported EPS topped estimates) and raised FY guidance, which supports forward earnings multiple expansion. Analysts are citing improving revenue growth and margin dynamics. Celestica, Inc. (CLS) is Attracting Investor Attention: Here is What You Should Know
- Neutral Sentiment: Technical indicator: CLS recently crossed above its 20?day moving average, a short?term bullish technical signal that can attract momentum traders. Celestica (CLS) Crossed Above the 20-Day Moving Average: What That Means for Investors
- Negative Sentiment: Market reaction volatility: Despite strong Q1 EPS, shares previously plunged intraday (~14% reported) after investors focused on a revenue miss in the Enterprise segment and component?shortage noise—this shows profit?taking and sensitivity to execution risks. Celestica Stock Falls 14% Despite Posting Strong Q1 Results
Insider Activity at Celestica
In related news, insider Yann L. Etienvre sold 86,229 shares of the business’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $24,786,526.05. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the sale, the president directly owned 108,970 shares in the company, valued at $31,323,426.50. This trade represents a 45.09% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 297,923 shares of company stock valued at $88,027,459 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.
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.
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