Seeds Investor LLC Takes $346,000 Position in Celestica Inc. (NYSE:CLS)

Seeds Investor LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,752 shares of the technology company's stock, valued at approximately $346,000.

A number of other hedge funds have also recently made changes to their positions in CLS. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter worth approximately $30,000. Pinpoint Asset Management Ltd grew its holdings in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter valued at about $42,000. R Squared Ltd bought a new position in shares of Celestica during the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc boosted its holdings in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the period. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Up 2.3 %

Shares of CLS traded up $1.81 during mid-day trading on Monday, reaching $80.94. The company had a trading volume of 4,088,392 shares, compared to its average volume of 3,060,087. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a market capitalization of $9.39 billion, a price-to-earnings ratio of 21.64 and a beta of 2.09. The firm has a 50-day moving average price of $97.45 and a 200 day moving average price of $90.55. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

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Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 52,588 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 transaction of $6,707,073.52. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the company's stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Royal Bank of Canada boosted their price target on Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Barclays upped their target price on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. CIBC raised shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective on the stock in a research report on Friday, January 31st. Canaccord Genuity Group raised their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. assumed 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 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 has an average rating of "Moderate Buy" and a consensus target price of $110.83.

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.