Invesco Ltd. Has $271.62 Million Position in Celestica Inc. (NYSE:CLS)

Invesco Ltd. grew its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 20.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,942,816 shares of the technology company's stock after purchasing an additional 494,542 shares during the quarter. Invesco Ltd. owned approximately 2.53% of Celestica worth $271,622,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Janus Henderson Group PLC raised its stake in Celestica by 10.5% during the third quarter. Janus Henderson Group PLC now owns 37,467 shares of the technology company's stock valued at $1,919,000 after purchasing an additional 3,545 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Celestica by 2,107.2% in the third quarter. Stifel Financial Corp now owns 107,379 shares of the technology company's stock worth $5,489,000 after buying an additional 102,514 shares during the period. State Street Corp bought a new stake in shares of Celestica during the 3rd quarter worth approximately $452,000. MML Investors Services LLC boosted its stake in shares of Celestica by 274.0% during the third quarter. MML Investors Services LLC now owns 27,328 shares of the technology company's stock valued at $1,397,000 after purchasing an additional 20,022 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new stake in Celestica in the 3rd quarter valued at about $214,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

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Celestica Stock Up 3.4 %

Shares of NYSE:CLS traded up $2.79 during midday trading on Tuesday, hitting $83.67. 2,036,144 shares of the company's stock traded hands, compared to its average volume of 3,056,485. The company has a market cap of $9.70 billion, a PE ratio of 22.37 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 firm's fifty day moving average price is $97.45 and its two-hundred day moving average price is $90.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction that occurred on 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 owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Mandeep Chawla sold 9,483 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 $1,209,461.82. Following the completion of the sale, the chief financial officer now owns 90,771 shares in the company, valued at $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. 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 ninety days. Corporate insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research reports. JPMorgan Chase & Co. began coverage on shares of Celestica in a research note on Friday, February 21st. They issued an "overweight" rating and a $166.00 price objective for the company. 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. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $110.83.

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.