15,247 Shares in Celestica Inc. (NYSE:CLS) Bought by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 15,247 shares of the technology company's stock, valued at approximately $1,407,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter worth about $30,000. Pinpoint Asset Management Ltd grew its holdings in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new position in Celestica in the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter worth approximately $51,000. Finally, IFP Advisors Inc boosted its position in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after acquiring an additional 368 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

CLS has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. CIBC reduced their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Stifel Nicolaus upped their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, TD Securities lifted their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $106.00.

Celestica Stock Down 3.3 %

CLS opened at $89.13 on Monday. The firm has a market cap of $10.34 billion, a price-to-earnings ratio of 23.83 and a beta of 2.09. 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 simple moving average is $89.22 and its 200-day simple moving average is $92.50. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Insider Buying and Selling at Celestica

In other news, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares of the company's stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares in the company, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 934,381 shares of company stock worth $116,673,769 over the last ninety days. Corporate insiders own 1.00% of the company's stock.

Celestica Company 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.

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