25,841 Shares in Celestica Inc. (NYSE:CLS) Acquired by Prudential PLC

Prudential PLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,841 shares of the technology company's stock, valued at approximately $2,385,000.

A number of other large investors have also bought and sold shares of CLS. Norges Bank purchased a new position in Celestica during the fourth quarter worth about $139,008,000. Arrowstreet Capital Limited Partnership raised its position in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares during the period. Franklin Resources Inc. boosted its position in Celestica by 290.4% during the fourth quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock valued at $99,735,000 after buying an additional 803,780 shares during the period. Raymond James Financial Inc. bought a new position in shares of Celestica during the fourth quarter valued at about $47,685,000. Finally, Wellington Management Group LLP purchased a new position in shares of Celestica in the fourth quarter worth about $26,965,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLS has been the subject of several analyst reports. 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 report on Wednesday, February 19th. Barclays boosted their price target on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They set an "overweight" rating and a $166.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.83.

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Celestica Price Performance

CLS traded down $4.52 on Thursday, hitting $77.54. 2,442,229 shares of the company's stock traded hands, compared to its average volume of 3,017,817. The company's 50 day simple moving average is $100.65 and its 200-day simple moving average is $89.70. 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 one year low of $40.25 and a one year high of $144.27. The firm has a market cap of $8.99 billion, a price-to-earnings ratio of 20.77 and a beta of 2.09.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 75,000 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 456,417 shares of the company's stock, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the transaction, the insider now directly owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 934,381 shares of company stock valued at $116,673,769. 1.00% of the stock is currently owned by corporate insiders.

Celestica Company 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.