FIL Ltd Grows Stock Position in Celestica Inc. (NYSE:CLS)

FIL Ltd grew its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 5,976.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 3,463,729 shares of the technology company's stock after buying an additional 3,406,723 shares during the period. FIL Ltd owned 2.98% of Celestica worth $319,662,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in CLS. Independent Advisor Alliance increased its position in Celestica by 0.3% during the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after purchasing an additional 79 shares during the period. Jones Financial Companies Lllp raised its position in Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after acquiring an additional 89 shares in the last quarter. Pinpoint Asset Management Ltd lifted its holdings in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the period. UMB Bank n.a. boosted its position in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Finally, Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth $30,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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Celestica Trading Up 3.5 %

CLS stock traded up $2.65 on Friday, hitting $79.13. 5,844,405 shares of the company were exchanged, compared to its average volume of 3,050,520. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 21.16 and a beta of 2.09. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The business's fifty day moving average is $99.77 and its two-hundred day moving average is $89.88.

Insider Activity

In other news, CFO Mandeep Chawla sold 9,483 shares of the stock in a transaction 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 completion of the sale, the chief financial officer now owns 90,771 shares of the company's stock, valued at $11,576,933.34. This represents a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction 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 transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 934,381 shares of company stock valued at $116,673,769 in the last ninety days. Company insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective for the company. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Two investment 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

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.