Sei Investments Co. Increases Stake in Celestica Inc. (NYSE:CLS)

Sei Investments Co. raised its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 303,937 shares of the technology company's stock after purchasing an additional 12,204 shares during the quarter. Sei Investments Co. owned approximately 0.26% of Celestica worth $28,053,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. Private Trust Co. NA grew its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after buying an additional 720 shares in the last quarter. R Squared Ltd bought a new stake in Celestica during the 4th quarter valued at $51,000. IFP Advisors Inc lifted its position 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 acquiring an additional 368 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of Celestica by 43.6% in 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 period. 67.38% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Royal Bank of Canada boosted their price objective on Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. assumed coverage on shares of Celestica in a report on Friday, February 21st. They issued an "overweight" rating and a $166.00 price target on the stock. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Finally, Stifel Nicolaus increased their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $110.83.

Insider Transactions at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction that occurred on 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 transaction, the insider now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares of the company's stock, valued at $22,373,832.04. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by corporate insiders.

Celestica Price Performance

NYSE:CLS traded down $1.83 during midday trading on Friday, hitting $82.56. The company had a trading volume of 3,977,992 shares, compared to its average volume of 2,870,805. The company has a market capitalization of $9.57 billion, a PE ratio of 22.07 and a beta of 2.21. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The stock's fifty day moving average price is $108.09 and its 200-day moving average price is $88.07.

Celestica 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.