Hel Ved Capital Management Ltd Buys Shares of 27,500 Celestica Inc. (NYSE:CLS)

Hel Ved Capital Management Ltd acquired a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 27,500 shares of the technology company's stock, valued at approximately $2,538,000.

A number of other hedge funds have also bought and sold shares of the business. Whale Rock Capital Management LLC boosted its stake in shares of Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock worth $432,846,000 after buying an additional 975,163 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Celestica by 64.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. Norges Bank bought a new stake in shares of Celestica in the fourth quarter worth about $139,008,000. Franklin Resources Inc. lifted its position in shares of Celestica by 290.4% in the fourth quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock worth $99,735,000 after buying an additional 803,780 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Celestica during the fourth quarter valued at approximately $47,685,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

CLS traded up $1.54 during midday trading on Wednesday, hitting $70.39. 1,906,312 shares of the company were exchanged, compared to its average volume of 2,988,876. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company's 50 day simple moving average is $102.12 and its 200 day simple moving average is $89.52. The firm has a market capitalization of $8.16 billion, a price-to-earnings ratio of 18.81 and a beta of 2.09.

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Analyst Upgrades and Downgrades

CLS has been the subject of a number of recent research reports. Canaccord Genuity Group raised their target price on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Barclays boosted 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. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a report on Friday, January 31st. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Finally, TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

Insiders Place Their Bets

In related news, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now directly owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 934,381 shares of company stock worth $116,673,769. Company insiders own 1.00% of the company's stock.

About Celestica

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.