Choreo LLC bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,752 shares of the technology company's stock, valued at approximately $352,000.
Other hedge funds have also modified their holdings of the company. Optimum Investment Advisors raised its position in shares of Celestica by 66.7% in 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. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter valued at about $51,000. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the third quarter valued at about $30,000. Private Trust Co. NA grew its holdings 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 valued at $44,000 after purchasing an additional 720 shares during the period. Finally, UMB Bank n.a. grew its holdings 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 and hedge funds.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on CLS shares. UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price objective for the company. Stifel Nicolaus started coverage on shares of Celestica in a report on Tuesday, February 4th. They issued a "buy" rating and a $140.00 price objective for the company. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Finally, TD Cowen increased their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a research note on Thursday, October 24th. Two research 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 stock. According to MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average price target of $104.91.
Read Our Latest Stock Analysis on CLS
Insider Transactions at Celestica
In related news, CFO Mandeep Chawla sold 9,483 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the sale, the chief financial officer now owns 90,771 shares of the company's stock, valued at $11,576,933.34. This trade represents a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the firm'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 transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by corporate insiders.
Celestica Stock Up 1.8 %
Shares of CLS traded up $2.38 during mid-day trading on Monday, hitting $132.16. 2,707,072 shares of the company's stock were exchanged, compared to its average volume of 5,877,522. The company has a market cap of $15.38 billion, a price-to-earnings ratio of 35.34 and a beta of 2.27. Celestica Inc. has a fifty-two week low of $36.11 and a fifty-two 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 stock's 50-day moving average is $107.98 and its 200-day moving average is $78.37.
Celestica Company Profile
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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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