Celestica Inc. (NYSE:CLS) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 48.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 154,371 shares of the technology company’s stock after buying an additional 50,190 shares during the quarter. LPL Financial LLC’s holdings in Celestica were worth $14,248,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Independent Advisor Alliance lifted its position in shares of Celestica by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock valued at $2,731,000 after acquiring an additional 79 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock valued at $188,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. lifted its holdings in Celestica by 43.6% in the 4th 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 in the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $30,000. Finally, Pier Capital LLC grew its holdings in shares of Celestica by 0.4% during the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after buying an additional 335 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLS. Stifel Nicolaus upped their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Friday, January 31st. Barclays upped their target price on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Performance

NYSE CLS opened at $79.17 on Wednesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The firm has a market capitalization of $9.18 billion, a P/E ratio of 21.17 and a beta of 2.21. The business’s 50-day simple moving average is $107.40 and its 200-day simple moving average is $88.61.

Insider Buying and Selling at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 sale, the president now directly owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last ninety days. 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.