Symmetry Investments LP Takes $3.76 Million Position in Celestica Inc. (NYSE:CLS)

Symmetry Investments LP acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 40,700 shares of the technology company's stock, valued at approximately $3,757,000.

Other hedge funds also recently modified their holdings of the company. FMR LLC increased its position in Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after buying an additional 5,574,342 shares during the last quarter. FIL Ltd increased its stake in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after purchasing an additional 3,406,723 shares during the period. Norges Bank purchased a new stake in shares of Celestica during the fourth quarter worth about $139,008,000. Arrowstreet Capital Limited Partnership increased its position in Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Celestica by 290.4% in the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock valued at $99,735,000 after purchasing an additional 803,780 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Trading Up 2.5 %

Shares of CLS stock opened at $82.64 on Wednesday. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The firm has a market cap of $9.58 billion, a P/E ratio of 22.10 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm's 50-day simple moving average is $92.71 and its 200-day simple moving average is $91.64.

Insider Activity

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Yann L. Etienvre sold 83,179 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the sale, the insider now directly owns 9,224 shares of the company's stock, valued at $1,127,910.72. The trade was a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays increased their price objective on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Royal Bank of Canada dropped their target price on Celestica from $160.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday. CIBC reduced their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Finally, JPMorgan Chase & Co. lowered their target price on Celestica from $166.00 to $105.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Celestica has a consensus rating of "Moderate Buy" and an average price target of $101.58.

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.

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