2,796 Shares in Celestica Inc. (NYSE:CLS) Bought by Mindset Wealth Management LLC

Mindset Wealth Management LLC bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,796 shares of the technology company's stock, valued at approximately $258,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Whale Rock Capital Management LLC grew its position in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after purchasing an additional 975,163 shares during the period. Raymond James Financial Inc. acquired a new stake in Celestica in the 4th quarter worth about $47,685,000. Point72 Asset Management L.P. grew its holdings in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after buying an additional 301,563 shares during the period. Natixis Advisors LLC increased its stake in shares of Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company's stock valued at $11,936,000 after acquiring an additional 220,494 shares during the last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of Celestica by 161.5% during the 4th quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company's stock worth $25,808,000 after acquiring an additional 172,814 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

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Celestica Stock Down 2.6 %

NYSE CLS traded down $2.61 during mid-day trading on Tuesday, reaching $97.37. 3,422,051 shares of the company's stock traded hands, compared to its average volume of 2,746,595. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a fifty day simple moving average of $109.73 and a 200-day simple moving average of $87.11. The company has a market cap of $11.29 billion, a price-to-earnings ratio of 26.03 and a beta of 2.21.

Insider Buying and Selling 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 stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the transaction, the president now owns 175,426 shares in the company, valued at approximately $22,373,832.04. This trade represents a 5.16 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last ninety days. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. TD Securities upped their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research report on Tuesday, January 28th. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. Royal Bank of Canada increased their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 price target on the stock. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Celestica presently has a consensus rating of "Moderate Buy" and an average 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.