National Bank of Canada FI increased its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 181.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 388,407 shares of the technology company's stock after purchasing an additional 250,604 shares during the quarter. National Bank of Canada FI owned about 0.33% of Celestica worth $35,883,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter worth approximately $30,000. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter worth $51,000. IFP Advisors Inc raised its position 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 buying an additional 368 shares in the last quarter. UMB Bank n.a. grew its position in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after buying an additional 288 shares in the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in Celestica by 47.7% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after acquiring an additional 355 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.
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 of the company's stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $53,965,221.00. Following the sale, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Canaccord Genuity Group lifted their price target on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 target price for the company. Royal Bank of Canada increased their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Finally, CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.
Read Our Latest Stock Analysis on Celestica
Celestica Trading Down 4.4 %
Celestica stock traded down $3.07 during mid-day trading on Friday, hitting $66.12. The company's stock had a trading volume of 9,751,663 shares, compared to its average volume of 2,948,531. The business has a 50 day moving average price of $103.62 and a 200-day moving average price of $89.39. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 17.68 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.
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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