Commonwealth Equity Services LLC Raises Position in Celestica Inc. (NYSE:CLS)

Commonwealth Equity Services LLC increased its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 90.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 37,723 shares of the technology company's stock after acquiring an additional 17,958 shares during the quarter. Commonwealth Equity Services LLC's holdings in Celestica were worth $3,482,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CLS. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $30,000. R Squared Ltd bought a new stake in Celestica in the 4th quarter valued at about $51,000. IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the 4th 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. Private Trust Co. NA increased its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after purchasing an additional 720 shares during the period. Finally, UMB Bank n.a. raised its position 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 buying an additional 288 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Insider Transactions at Celestica

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were 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 directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 in the last quarter. 1.00% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

CLS has been the topic of a number of analyst reports. Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Royal Bank of Canada raised their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. TD Securities lifted their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two 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's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $110.83.

Celestica Trading Down 2.2 %

NYSE:CLS traded down $1.83 on Friday, reaching $82.56. 3,977,992 shares of the stock traded hands, compared to its average volume of 2,863,655. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company's 50 day moving average is $108.09 and its 200-day moving average is $87.76. The firm has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21.

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.