Celestica Inc. (NYSE:CLS) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. boosted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 17.0% in the 4th quarter, Holdings Channel reports. The firm owned 14,250 shares of the technology company’s stock after acquiring an additional 2,075 shares during the quarter. D.A. Davidson & CO.’s holdings in Celestica were worth $1,315,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CLS. Vaughan Nelson Investment Management L.P. acquired a new position in Celestica in the 3rd quarter valued at $61,210,000. Whale Rock Capital Management LLC raised its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after purchasing an additional 301,563 shares during the last quarter. Natixis Advisors LLC raised its stake in Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after purchasing an additional 220,494 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its stake in Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after purchasing an additional 183,300 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Celestica

In related news, CEO Robert Mionis sold 441,325 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares in the company, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently commented on CLS shares. Stifel Nicolaus increased their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. assumed coverage on Celestica in a research note on Friday. They issued an “overweight” rating and a $166.00 target price for the company. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Securities raised their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada raised their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” 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 issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Stock Performance

NYSE CLS opened at $119.41 on Friday. The stock has a market cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $38.80 and a twelve month high of $144.27. The stock has a fifty day simple moving average of $110.78 and a 200-day simple moving average of $80.39.

Celestica Company 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.