Claret Asset Management Corp Acquires Shares of 21,848 Celestica Inc. (NYSE:CLS)

Claret Asset Management Corp purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 21,848 shares of the technology company's stock, valued at approximately $2,017,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. FMR LLC grew its position in Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after acquiring an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after acquiring an additional 1,401,877 shares in the last quarter. FIL Ltd increased its position in shares of Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after acquiring an additional 3,406,723 shares during the period. Invesco Ltd. boosted its holdings in shares of Celestica by 20.2% in the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after purchasing an additional 494,542 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Celestica by 49.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after purchasing an additional 719,805 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent research reports. Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Barclays increased their price target on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC lowered their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $103.25.

Insider Activity at Celestica

In other news, President Todd C. Cooper sold 91,490 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $11,187,397.20. Following the transaction, the president now owns 175,426 shares in the company, valued at $21,451,091.28. This trade represents a 34.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction 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. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by company insiders.

Celestica Stock Performance

Celestica stock traded up $3.56 during mid-day trading on Friday, hitting $84.12. The company had a trading volume of 5,273,486 shares, compared to its average volume of 3,092,215. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $9.75 billion, a price-to-earnings ratio of 22.49 and a beta of 2.09. The company's fifty day moving average is $93.69 and its 200-day moving average is $91.46. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27.

About Celestica

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.