Flagship Harbor Advisors LLC bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 3,273 shares of the technology company's stock, valued at approximately $302,000.
Other large investors also recently made changes to their positions in the company. Optimum Investment Advisors lifted its stake in 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 purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Celestica in the third quarter valued at $30,000. UMB Bank n.a. bought a new position in shares of Celestica during the 3rd quarter valued at $34,000. Private Trust Co. NA increased its stake in Celestica by 480.0% in the 3rd 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, Global Trust Asset Management LLC bought a new stake in shares of Celestica in the third quarter worth about $51,000. 67.38% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several analysts recently weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Celestica from $70.00 to $100.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday. BMO Capital Markets lifted their price objective on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Canaccord Genuity Group upped their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, December 20th. Finally, Barclays started coverage on shares of Celestica in a research note on Tuesday, November 5th. They issued an "overweight" rating and a $91.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $84.82.
Check Out Our Latest Research Report on CLS
Insider Buying and Selling at Celestica
In other news, Director Michael Wilson sold 25,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.00% of the company's stock.
Celestica Stock Performance
Shares of NYSE CLS traded up $15.12 during midday trading on Thursday, hitting $115.61. 6,318,687 shares of the stock traded hands, compared to its average volume of 4,205,125. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a one year low of $32.80 and a one year high of $131.23. The firm has a market capitalization of $13.45 billion, a P/E ratio of 36.68 and a beta of 2.25. The firm has a 50-day moving average of $97.35 and a two-hundred day moving average of $71.46.
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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