Celestica Inc. (NYSE:CLS) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 42.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,025 shares of the technology company’s stock after selling 3,680 shares during the period. PNC Financial Services Group Inc.’s holdings in Celestica were worth $464,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in Celestica in the 4th quarter worth about $30,000. Private Trust Co. NA boosted its holdings in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the last quarter. R Squared Ltd acquired a new stake in Celestica in the 4th quarter worth about $51,000. IFP Advisors Inc boosted its holdings in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after buying an additional 288 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CLS shares. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Friday, January 31st. Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Barclays raised their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price on the stock. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Celestica Stock Up 5.3 %

CLS stock opened at $92.09 on Thursday. The firm has a market cap of $10.72 billion, a PE ratio of 24.62 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm’s 50 day moving average price is $110.24 and its 200-day moving average price is $85.74. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 65,000 shares of the business’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last quarter. 1.00% of the stock is owned by company insiders.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.