Wellington Management Group LLP Acquires New Position in Celestica Inc. (NYSE:CLS)

Wellington Management Group LLP acquired a new stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 292,141 shares of the technology company's stock, valued at approximately $26,965,000. Wellington Management Group LLP owned approximately 0.25% of Celestica as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Independent Advisor Alliance lifted its stake in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. lifted its position 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 valued at $88,000 after acquiring an additional 288 shares in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter worth approximately $30,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Celestica by 47.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after purchasing an additional 355 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

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Insider Activity

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the company's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction 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 completion of the sale, the insider now directly owns 83,179 shares of the company's stock, valued at $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 934,381 shares of company stock valued at $116,673,769. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CLS shares. Stifel Nicolaus increased their target price on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. began coverage on shares of Celestica in a research note on Friday, February 21st. They issued an "overweight" rating and a $166.00 target price on the stock. TD Securities upped their price target on 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 price target on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $110.83.

Celestica Trading Up 3.5 %

CLS traded up $2.65 on Friday, hitting $79.13. The company had a trading volume of 5,844,405 shares, compared to its average volume of 3,050,520. 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 firm has a market cap of $9.18 billion, a P/E ratio of 21.16 and a beta of 2.09. The company's fifty day moving average price is $99.77 and its 200 day moving average price is $89.88. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27.

About Celestica

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.