Barclays PLC raised its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 32.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 68,886 shares of the technology company's stock after buying an additional 17,038 shares during the quarter. Barclays PLC owned approximately 0.06% of Celestica worth $6,359,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Peregrine Capital Management LLC bought a new position in Celestica in the 4th 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 worth $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. bought a new stake in Celestica during the 4th quarter valued at $42,000. R Squared Ltd acquired a new position in Celestica during the 4th quarter worth $51,000. Finally, IFP Advisors Inc grew its stake in shares of Celestica by 122.7% in 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 in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.
Celestica Trading Down 3.3 %
NYSE CLS traded down $3.01 on Friday, hitting $89.13. 6,937,107 shares of the company were exchanged, compared to its average volume of 3,127,405. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company's 50 day moving average price is $89.22 and its 200-day moving average price is $92.05. The firm has a market capitalization of $10.34 billion, a P/E ratio of 23.83 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on the stock. JPMorgan Chase & Co. cut their price objective on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada dropped their target price on Celestica from $160.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and a consensus price target of $101.58.
Read Our Latest Report on Celestica
Insider Activity at Celestica
In other news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now directly owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by corporate insiders.
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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