Moloney Securities Asset Management LLC Acquires New Position in Celestica Inc. (NYSE:CLS)

Moloney Securities Asset Management LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,820 shares of the technology company's stock, valued at approximately $537,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Optimum Investment Advisors boosted its position in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new position in shares of Celestica during the third quarter valued at approximately $30,000. UMB Bank n.a. purchased a new position in shares of Celestica during the third quarter valued at approximately $34,000. Private Trust Co. NA boosted its position 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 valued at $44,000 after buying an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC purchased a new position in Celestica in the third quarter worth $51,000. Institutional investors own 67.38% of the company's stock.

Insider Activity at Celestica

In other Celestica news, CEO Robert Mionis sold 441,325 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares of the company's stock, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the company. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective on the stock in a research report on Friday, January 31st. Stifel Nicolaus assumed coverage on Celestica in a research report on Tuesday, February 4th. They issued a "buy" rating and a $140.00 price objective on the stock. TD Securities boosted their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday. Finally, TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $104.91.

Celestica Stock Performance

Shares of NYSE:CLS traded up $2.38 during midday trading on Friday, reaching $132.16. 2,707,072 shares of the company traded hands, compared to its average volume of 4,930,448. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12 month low of $36.11 and a 12 month high of $144.27. The firm has a market capitalization of $15.38 billion, a price-to-earnings ratio of 35.34 and a beta of 2.27. The firm's fifty day moving average price is $107.15 and its two-hundred day moving average price is $77.41.

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.