Mariner LLC Buys 4,593 Shares of Celestica Inc. (NYSE:CLS)

Mariner LLC boosted its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 41.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,794 shares of the technology company's stock after acquiring an additional 4,593 shares during the quarter. Mariner LLC's holdings in Celestica were worth $1,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CLS. State Street Corp purchased a new stake in shares of Celestica during the third quarter worth about $452,000. Barclays PLC boosted its stake in shares of Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company's stock valued at $2,651,000 after purchasing an additional 31,219 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Celestica by 8.6% during the third quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company's stock valued at $6,236,000 after buying an additional 8,660 shares during the period. Invst LLC raised its stake in Celestica by 24.0% in the third quarter. Invst LLC now owns 10,069 shares of the technology company's stock worth $515,000 after buying an additional 1,948 shares in the last quarter. Finally, World Investment Advisors LLC bought a new stake in Celestica during the 3rd quarter valued at approximately $4,003,000. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays upped their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. Royal Bank of Canada decreased their price objective on shares of Celestica from $160.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday, April 22nd. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. lowered their price target on Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and an average target price of $106.00.

Celestica Stock Performance

NYSE CLS traded down $3.01 during trading hours on Friday, hitting $89.13. 6,937,107 shares of the company's stock traded hands, compared to its average volume of 3,126,830. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The firm has a market capitalization of $10.34 billion, a P/E ratio of 23.83 and a beta of 2.09. 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 business's fifty day moving average price is $89.22 and its two-hundred day moving average price is $92.28.

Insider Transactions at Celestica

In other Celestica news, CEO Robert Mionis sold 441,325 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the transaction, the chief executive officer now owns 531,417 shares of the company's stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 934,381 shares of company stock worth $116,673,769 in the last three months. Corporate insiders own 1.00% of the company's stock.

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.