Harvest Fund Management Co. Ltd lifted its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 3,195.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,241 shares of the technology company's stock after acquiring an additional 33,202 shares during the period. Harvest Fund Management Co. Ltd's holdings in Celestica were worth $3,159,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC purchased a new position in Celestica in the 4th quarter valued at about $385,000. Quantbot Technologies LP raised its position in shares of Celestica by 120.9% in the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock valued at $5,299,000 after buying an additional 56,732 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Celestica during the fourth quarter valued at approximately $47,685,000. Schechter Investment Advisors LLC acquired a new stake in Celestica during the fourth quarter worth approximately $294,000. Finally, Advisors Asset Management Inc. grew its stake in Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock worth $1,682,000 after acquiring an additional 12,584 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.
Insiders Place Their Bets
In related news, CEO Robert Mionis sold 52,588 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at approximately $67,776,924.18. The trade was a 9.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. 1.00% of the stock is owned by corporate insiders.
Celestica Stock Up 0.5 %
Celestica stock traded up $0.44 during trading on Friday, reaching $96.09. 2,891,599 shares of the company's stock were exchanged, compared to its average volume of 2,738,899. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company's 50-day moving average is $109.74 and its two-hundred day moving average is $86.72.
Analyst Upgrades and Downgrades
CLS has been the topic of a number of recent analyst reports. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Barclays lifted their price target on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a report on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective on the stock. Finally, Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.83.
Read Our Latest Stock Report on Celestica
Celestica Profile
(
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.
Featured Articles
Before you consider Celestica, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Celestica wasn't on the list.
While Celestica currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
