Virtu Financial LLC acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,601 shares of the technology company's stock, valued at approximately $517,000.
Other hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC bought a new stake in Celestica in the 4th quarter worth approximately $30,000. R Squared Ltd bought a new stake in Celestica in the fourth quarter worth $51,000. IFP Advisors Inc raised its stake in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. Private Trust Co. NA raised its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after purchasing an additional 720 shares in the last quarter. Finally, UMB Bank n.a. lifted its position 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. Hedge funds and other institutional investors own 67.38% of the company's stock.
Insiders Place Their Bets
In other Celestica news, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now owns 110,426 shares in the company, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the sale, the insider now 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 position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 in the last 90 days. 1.00% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several brokerages have recently issued reports on CLS. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. JPMorgan Chase & Co. began coverage on Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 target price on the stock. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Finally, Stifel Nicolaus upped their price target on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Two 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.83.
Check Out Our Latest Stock Report on Celestica
Celestica Stock Performance
CLS stock traded down $1.83 during 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. Celestica Inc. has a 1-year low of $40.25 and a 1-year 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. The firm has a 50-day moving average price of $108.09 and a 200-day moving average price of $88.07. The firm has a market cap of $9.57 billion, a PE ratio of 22.07 and a beta of 2.21.
Celestica Profile
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Free Report)
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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