Advisors Asset Management Inc. Boosts Stake in Celestica Inc. (NYSE:CLS)

Advisors Asset Management Inc. boosted its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 60.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,890 shares of the technology company's stock after buying an additional 19,989 shares during the quarter. Advisors Asset Management Inc.'s holdings in Celestica were worth $4,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in CLS. Peregrine Capital Management LLC bought a new position in shares of Celestica during the 4th quarter worth $30,000. R Squared Ltd purchased a new stake in Celestica during the fourth quarter valued at about $51,000. IFP Advisors Inc boosted its position in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the period. Private Trust Co. NA increased its stake in shares of Celestica by 480.0% in 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 in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the 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 completion of the sale, the president now owns 110,426 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % 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 over the last ninety days. 1.00% of the stock is owned by insiders.

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Celestica Price Performance

Shares of Celestica stock traded up $3.95 on Monday, hitting $99.90. 3,006,421 shares of the company traded hands, compared to its average volume of 2,739,970. The firm's 50-day simple moving average is $109.74 and its 200 day simple moving average is $86.72. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a market cap of $11.58 billion, a P/E ratio of 26.71 and a beta of 2.21. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analyst Upgrades and Downgrades

CLS has been the subject of several analyst reports. Stifel Nicolaus raised their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target for the company in a report on Friday, January 31st. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Barclays raised their target price on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $110.83.

Celestica 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.