Darden Wealth Group Inc acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,650 shares of the technology company's stock, valued at approximately $521,000.
Other institutional investors have also recently made changes to their positions in the company. Cerity Partners LLC boosted its position in shares of Celestica by 3.2% during the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock valued at $551,000 after buying an additional 338 shares during the last quarter. Townsquare Capital LLC bought a new stake in shares of Celestica in the third quarter worth approximately $202,000. Centiva Capital LP boosted its holdings 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 purchasing an additional 1,515 shares during the last quarter. Janus Henderson Group PLC grew its holdings in shares of Celestica by 10.5% in the third quarter. Janus Henderson Group PLC now owns 37,467 shares of the technology company's stock worth $1,919,000 after acquiring an additional 3,545 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new stake in shares of Celestica during the 3rd quarter valued at about $767,000. Hedge funds and other institutional investors own 67.38% of the company's stock.
Celestica Stock Up 2.2 %
CLS stock traded up $1.54 during trading on Wednesday, reaching $70.39. 1,906,312 shares of the company traded hands, compared to its average volume of 2,988,876. The company has a market capitalization of $8.16 billion, a price-to-earnings ratio of 18.81 and a beta of 2.09. The business has a 50 day simple moving average of $102.12 and a 200 day simple moving average of $89.52. Celestica Inc. has a 12 month low of $40.25 and a 12 month 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.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a research note on Friday, January 31st. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays raised their target price on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $110.83.
View Our Latest Stock Report on Celestica
Insider Buying and Selling
In other news, insider Yann L. Etienvre sold 83,179 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now directly owns 9,224 shares of the company's stock, valued at $1,127,910.72. The trade was a 90.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 52,588 shares of the firm's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the transaction, the chief executive officer now owns 531,417 shares of the company's stock, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 934,381 shares of company stock worth $116,673,769 in the last ninety days. 1.00% of the stock is owned by insiders.
About Celestica
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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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