Celestica Inc. (NYSE:CLS) Shares Acquired by Trexquant Investment LP

Trexquant Investment LP grew its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 79.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,396 shares of the technology company's stock after purchasing an additional 60,228 shares during the period. Trexquant Investment LP owned 0.12% of Celestica worth $12,589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CLS. Cerity Partners LLC grew its stake in Celestica by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock worth $551,000 after acquiring an additional 338 shares during the period. D.A. Davidson & CO. increased its stake in Celestica by 66.2% in the third quarter. D.A. Davidson & CO. now owns 12,175 shares of the technology company's stock valued at $622,000 after purchasing an additional 4,850 shares during the last quarter. Townsquare Capital LLC purchased a new position in Celestica during the third quarter worth about $202,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Celestica by 6.0% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,002 shares of the technology company's stock worth $1,380,000 after buying an additional 1,530 shares during the period. Finally, Centiva Capital LP grew its holdings in Celestica by 15.4% in the 3rd quarter. Centiva Capital LP now owns 11,364 shares of the technology company's stock valued at $581,000 after buying an additional 1,515 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction 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 transaction, the insider now owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Mandeep Chawla sold 9,483 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,209,461.82. Following the completion of the sale, the chief financial officer now directly owns 90,771 shares in the company, valued at approximately $11,576,933.34. This trade represents a 9.46 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company's stock.

Celestica Stock Performance

CLS traded down $13.35 on Thursday, hitting $69.00. 7,369,236 shares of the company's stock were exchanged, compared to its average volume of 2,916,498. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average of $104.73 and a two-hundred day moving average of $88.66. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The firm has a market cap of $8.00 billion, a PE ratio of 18.45 and a beta of 2.21.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. TD Securities lifted their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, JPMorgan Chase & Co. started coverage on Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 target price on the stock. Two 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 company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $110.83.

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.