Norges Bank purchased a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,507,219 shares of the technology company's stock, valued at approximately $139,008,000. Norges Bank owned about 1.30% of Celestica at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC increased its holdings in shares of Celestica by 3.2% during the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock worth $551,000 after buying an additional 338 shares in the last quarter. D.A. Davidson & CO. grew its position in Celestica by 66.2% during the 3rd quarter. D.A. Davidson & CO. now owns 12,175 shares of the technology company's stock worth $622,000 after acquiring an additional 4,850 shares during the last quarter. Townsquare Capital LLC bought a new position in Celestica in the third quarter valued at about $202,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Celestica by 6.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,002 shares of the technology company's stock valued at $1,380,000 after purchasing an additional 1,530 shares in the last quarter. Finally, Centiva Capital LP grew its holdings in shares of Celestica by 15.4% during the third quarter. Centiva Capital LP now owns 11,364 shares of the technology company's stock worth $581,000 after purchasing an additional 1,515 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity
In related news, CEO Robert Mionis sold 441,325 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares of the company's stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock worth $119,142,019 in the last quarter. 1.00% of the stock is owned by corporate insiders.
Celestica Trading Down 4.4 %
CLS stock traded down $3.07 during mid-day trading on Friday, reaching $66.12. The company's stock had a trading volume of 9,751,663 shares, compared to its average volume of 2,944,089. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 17.68 and a beta of 2.09. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The business's 50 day moving average price is $103.62 and its 200 day moving average price is $88.80. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.
Analyst Ratings Changes
Several research firms recently commented on CLS. JPMorgan Chase & Co. started coverage on shares of Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 target price on the stock. Barclays lifted their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.
View Our Latest Stock Analysis on Celestica
Celestica Profile
(
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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