Pitcairn Co. lifted its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 41.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,385 shares of the technology company's stock after acquiring an additional 5,380 shares during the period. Pitcairn Co.'s holdings in Celestica were worth $1,697,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at $30,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter worth approximately $51,000. IFP Advisors Inc lifted its holdings in Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after buying an additional 368 shares in the last quarter. UMB Bank n.a. raised its position in shares of Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after acquiring an additional 288 shares during the last quarter. Finally, Wolff Wiese Magana LLC boosted its holdings in Celestica by 47.7% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock valued at $102,000 after acquiring an additional 355 shares during the last quarter. Institutional investors own 67.38% of the company's stock.
Insider Activity at Celestica
In related news, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction dated 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 transaction, the insider now 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 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 Celestica stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at $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 sold 934,381 shares of company stock valued at $116,673,769 in the last three months. Corporate insiders own 1.00% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on CLS. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Stifel Nicolaus increased their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Barclays boosted their price target on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group boosted 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. 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 company. According to data from MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and a consensus price target of $110.83.
Read Our Latest Stock Analysis on CLS
Celestica Trading Up 3.1 %
Shares of NYSE:CLS traded up $2.02 during mid-day trading on Monday, hitting $68.17. The company had a trading volume of 5,112,159 shares, compared to its average volume of 2,958,117. The company has a market capitalization of $7.91 billion, a PE ratio of 18.26 and a beta of 2.09. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The firm has a fifty day moving average price of $103.62 and a 200 day moving average price of $89.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.
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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