244,788 Shares in Celestica, Inc. $CLS Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 244,788 shares of the technology company’s stock, valued at approximately $68,952,000.

Other hedge funds have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Celestica during the 4th quarter worth approximately $28,000. Ascentis Independent Advisors purchased a new position in shares of Celestica during the first quarter valued at approximately $29,000. Swiss RE Ltd. purchased a new position in shares of Celestica during the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. bought a new stake in Celestica during the fourth quarter worth $30,000. Finally, Sittner & Nelson LLC bought a new stake in Celestica during the fourth quarter worth $31,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity

In related news, CEO Robert Mionis sold 18,176 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $385.17, for a total value of $7,000,849.92. Following the completion of the transaction, the chief executive officer directly owned 60,384 shares of the company’s stock, valued at approximately $23,258,105.28. This trade represents a 23.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Max Wilson sold 4,168 shares of Celestica stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $333.31, for a total transaction of $1,389,236.08. Following the completion of the transaction, the director owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 161,168 shares of company stock valued at $63,190,485 over the last quarter. Company insiders own 1.10% of the company’s stock.

Celestica Trading Down 0.1%

Shares of CLS opened at $305.05 on Monday. Celestica, Inc. has a fifty-two week low of $164.52 and a fifty-two week high of $474.02. The business has a 50-day moving average of $362.06 and a 200 day moving average of $332.50. The firm has a market cap of $35.07 billion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 0.71 and a beta of 2.05. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.73 and a current ratio of 1.26.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, beating the consensus estimate of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to the consensus estimate of $3.97 billion. Celestica had a net margin of 6.95% and a return on equity of 36.91%. The company’s revenue was up 52.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.20 earnings per share. As a group, research analysts forecast that Celestica, Inc. will post 9.57 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CLS. Zacks Research raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, June 26th. TD Securities upgraded shares of Celestica from a “hold” rating to a “buy” rating and set a $430.00 target price for the company in a report on Wednesday, April 29th. TD Cowen raised shares of Celestica from a “hold” rating to a “buy” rating and raised their price target for the company from $350.00 to $430.00 in a research report on Wednesday, April 29th. Stifel Nicolaus set a $445.00 price objective on shares of Celestica in a research note on Tuesday, April 28th. Finally, Bank of America upped their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Buy” and a consensus target price of $427.42.

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.