Herald Investment Management Ltd Sells 30,000 Shares of Celestica Inc. (NYSE:CLS)

Herald Investment Management Ltd reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 6.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 465,700 shares of the technology company's stock after selling 30,000 shares during the period. Celestica makes up approximately 7.0% of Herald Investment Management Ltd's portfolio, making the stock its largest position. Herald Investment Management Ltd owned about 0.40% of Celestica worth $42,970,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter valued at about $30,000. Pinpoint Asset Management Ltd boosted its holdings in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. acquired a new stake in Celestica during the fourth quarter worth about $42,000. R Squared Ltd bought a new stake in shares of Celestica in the 4th quarter worth approximately $51,000. Finally, IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other news, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the sale, the president now owns 175,426 shares of the company's stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 over the last quarter. 1.00% of the stock is currently owned by company insiders.

Celestica Stock Up 4.4 %

NYSE:CLS traded up $3.56 on Friday, reaching $84.12. 5,273,486 shares of the stock traded hands, compared to its average volume of 3,092,215. 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 has a market capitalization of $9.75 billion, a price-to-earnings ratio of 22.49 and a beta of 2.09. The company's fifty day simple moving average is $93.69 and its 200 day simple moving average is $91.18. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27.

Analyst Ratings Changes

CLS has been the topic of several research analyst reports. Canaccord Genuity Group lifted their price target on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. decreased their price target on Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Barclays increased their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $103.25.

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.