516,628 Shares in Celestica Inc. (NYSE:CLS) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 516,628 shares of the technology company's stock, valued at approximately $47,685,000. Raymond James Financial Inc. owned 0.44% of Celestica as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Independent Advisor Alliance grew its position in Celestica by 0.3% during the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after purchasing an additional 79 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock worth $188,000 after purchasing an additional 89 shares during the last quarter. Pinpoint Asset Management Ltd boosted its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after purchasing an additional 182 shares during the period. UMB Bank n.a. grew its holdings in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares during the last quarter. Finally, Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter valued at approximately $30,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Up 4.4 %

NYSE:CLS traded up $3.56 during trading hours on Friday, hitting $84.12. 5,273,486 shares of the stock were exchanged, compared to its average volume of 3,096,858. The company's 50 day moving average is $94.54 and its two-hundred day moving average is $90.66. The company has a market capitalization of $9.75 billion, a P/E ratio of 22.49 and a beta of 2.09. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling

In related news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company's stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 75,000 shares of the firm'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 transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock worth $116,673,769 over the last three months. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CLS has been the subject of a number of research analyst reports. TD Securities boosted their target price 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. JPMorgan Chase & Co. lowered their price objective on shares of Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday. CIBC cut their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday. Stifel Nicolaus boosted their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Finally, Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.25.

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.