Private Advisor Group LLC Acquires 3,763 Shares of Celestica Inc. (NYSE:CLS)

Private Advisor Group LLC lifted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 22,039 shares of the technology company’s stock after purchasing an additional 3,763 shares during the period. Private Advisor Group LLC’s holdings in Celestica were worth $2,034,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peregrine Capital Management LLC purchased a new stake in Celestica in the fourth quarter worth $30,000. Private Trust Co. NA increased its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the period. R Squared Ltd purchased a new position in Celestica in the 4th quarter worth about $51,000. UMB Bank n.a. lifted its holdings in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares in the last quarter. Finally, Transamerica Financial Advisors Inc. purchased a new stake in Celestica in the 3rd quarter valued at about $102,000. 67.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of research reports. Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. began coverage on Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective for the company. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Insider Buying and Selling

In other 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 transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. 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 corporate insiders.

Celestica Stock Performance

Shares of Celestica stock opened at $106.08 on Wednesday. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a market capitalization of $12.34 billion, a PE ratio of 28.36 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company has a 50-day simple moving average of $111.18 and a two-hundred day simple moving average of $81.51.

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.