2,566 Shares in Celestica Inc. (NYSE:CLS) Bought by Savant Capital LLC

Savant Capital LLC bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,566 shares of the technology company’s stock, valued at approximately $237,000.

Several other hedge funds also recently made changes to their positions in the company. Whale Rock Capital Management LLC increased its stake in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica during the 3rd quarter valued at $61,210,000. Point72 Asset Management L.P. increased its position in Celestica by 38.5% during 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 period. Westfield Capital Management Co. LP increased its position in Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock valued at $27,413,000 after purchasing an additional 109,972 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd increased its position in Celestica by 53.8% during 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 period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Performance

Shares of Celestica stock opened at $132.31 on Wednesday. The stock has a market cap of $15.40 billion, a price-to-earnings ratio of 35.38 and a beta of 2.27. The firm’s 50-day moving average is $107.98 and its 200 day moving average is $78.37. Celestica Inc. has a 1 year low of $36.11 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CLS. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, January 31st. Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday, February 4th. They set a “buy” rating and a $140.00 price objective on the stock. TD Cowen boosted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Finally, UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.91.

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the transaction, the president now owns 110,426 shares in the company, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

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.