Headlands Technologies LLC Acquires 27,085 Shares of Celestica Inc. (NYSE:CLS)

Headlands Technologies LLC increased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 200.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 40,609 shares of the technology company's stock after purchasing an additional 27,085 shares during the period. Headlands Technologies LLC's holdings in Celestica were worth $3,748,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC increased its holdings in shares of Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock worth $551,000 after buying an additional 338 shares during the period. D.A. Davidson & CO. increased its position in shares of Celestica by 66.2% in the third quarter. D.A. Davidson & CO. now owns 12,175 shares of the technology company's stock valued at $622,000 after acquiring an additional 4,850 shares during the period. Townsquare Capital LLC bought a new position in Celestica during the 3rd quarter valued at approximately $202,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Celestica by 6.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,002 shares of the technology company's stock valued at $1,380,000 after acquiring an additional 1,530 shares in the last quarter. Finally, Centiva Capital LP lifted its stake in Celestica by 15.4% in the third quarter. Centiva Capital LP now owns 11,364 shares of the technology company's stock worth $581,000 after acquiring an additional 1,515 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

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Insider Activity

In other news, CEO Robert Mionis sold 441,325 shares of the stock in a transaction on Monday, February 3rd. The shares were 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 approximately $64,981,670.76. This represents a 45.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock valued at $119,142,019 in the last ninety days. Insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research note on Friday, February 21st. They issued an "overweight" rating and a $166.00 price target for the company. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Barclays lifted their price objective on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, CIBC upgraded shares of 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. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

Celestica Price Performance

Shares of CLS traded down $6.28 during mid-day trading on Friday, hitting $62.91. 5,172,623 shares of the stock were exchanged, compared to its average volume of 4,850,937. The firm has a 50-day moving average of $104.73 and a two-hundred day moving average of $88.66. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. 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 company has a market cap of $7.29 billion, a PE ratio of 16.82 and a beta of 2.09.

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.