Valeo Financial Advisors LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,561 shares of the technology company's stock, valued at approximately $329,000.
Several other hedge funds and other institutional investors have also made changes to their positions in CLS. Financial Management Professionals Inc. acquired a new stake in Celestica in the third quarter valued at approximately $30,000. Private Trust Co. NA raised its holdings in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after acquiring an additional 720 shares in the last quarter. Global Trust Asset Management LLC acquired a new stake in Celestica in the third quarter valued at approximately $51,000. R Squared Ltd acquired a new stake in Celestica in the fourth quarter valued at approximately $51,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock valued at $67,000 after acquiring an additional 275 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.
Insider Activity
In related news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction 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 transaction, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 in the last ninety days. 1.00% of the stock is currently owned by company insiders.
Celestica Stock Performance
Shares of Celestica stock traded down $5.61 during trading on Friday, reaching $119.41. The company's stock had a trading volume of 4,461,770 shares, compared to its average volume of 4,805,599. The company has a 50-day moving average price of $110.78 and a two-hundred day moving average price of $80.16. The firm has a market cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27. Celestica Inc. has a fifty-two week low of $38.80 and a fifty-two week high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.
Analysts Set New Price Targets
CLS has been the topic of several analyst reports. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price on the stock. Barclays raised their target price on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. CIBC raised shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. started coverage on shares of Celestica in a report on Friday. They set an "overweight" rating and a $166.00 price objective on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.
Check Out Our Latest Stock Report on CLS
About Celestica
(
Free Report)
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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