LPL Financial LLC increased its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 48.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 154,371 shares of the technology company's stock after acquiring an additional 50,190 shares during the period. LPL Financial LLC owned approximately 0.13% of Celestica worth $14,248,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter worth $30,000. R Squared Ltd acquired a new stake in Celestica in the fourth quarter worth about $51,000. IFP Advisors Inc grew its position in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after buying an additional 368 shares in the last quarter. UMB Bank n.a. increased its stake in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after buying an additional 288 shares during the period. Finally, Wolff Wiese Magana LLC increased its stake in Celestica by 47.7% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock valued at $102,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.
Analysts Set New Price Targets
CLS has been the subject of several recent analyst reports. Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They issued an "overweight" rating and a $166.00 price objective for the company. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Barclays boosted their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada boosted their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $110.83.
View Our Latest Research Report on CLS
Insider Activity at Celestica
In other Celestica news, President Todd C. Cooper sold 91,490 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,187,397.20. Following the completion of the sale, the president now directly owns 175,426 shares of the company's stock, valued at $21,451,091.28. This represents a 34.28 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $67,776,924.18. The trade was a 9.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company's stock.
Celestica Stock Down 16.2 %
Shares of CLS traded down $13.35 during midday trading on Thursday, reaching $69.00. 7,364,204 shares of the stock were exchanged, compared to its average volume of 2,916,472. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 18.45 and a beta of 2.21. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The firm has a 50 day simple moving average of $105.80 and a 200-day simple moving average of $88.80.
About Celestica
(
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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