2,792 Shares in Celestica Inc. (NYSE:CLS) Purchased by Moors & Cabot Inc.

Moors & Cabot Inc. bought a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,792 shares of the technology company's stock, valued at approximately $258,000.

A number of other large investors have also recently bought and sold shares of CLS. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth $30,000. Private Trust Co. NA boosted its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after purchasing an additional 720 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Celestica during the fourth quarter worth $51,000. IFP Advisors Inc raised its position in shares of 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 period. Finally, UMB Bank n.a. raised its position in shares of 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 period. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday, February 21st. They issued an "overweight" rating and a $166.00 target price on the stock. Finally, Barclays increased 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. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of "Moderate Buy" and an average target price of $110.83.

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Insider Transactions at Celestica

In other news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares of the company's stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

Celestica Stock Up 4.1 %

Shares of NYSE CLS traded up $3.81 during midday trading on Thursday, reaching $95.73. 4,232,195 shares of the company's stock were exchanged, compared to its average volume of 2,730,348. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The stock has a market capitalization of $11.14 billion, a PE ratio of 25.60 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 business's fifty day moving average price is $110.24 and its two-hundred day moving average price is $85.74.

About Celestica

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.