Hillsdale Investment Management Inc. Has $12.38 Million Holdings in Celestica Inc. (NYSE:CLS)

Hillsdale Investment Management Inc. lessened its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 77.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 134,333 shares of the technology company’s stock after selling 472,650 shares during the quarter. Celestica accounts for approximately 0.6% of Hillsdale Investment Management Inc.’s holdings, making the stock its 26th largest holding. Hillsdale Investment Management Inc. owned 0.12% of Celestica worth $12,384,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CLS. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the 4th quarter valued at about $30,000. Private Trust Co. NA raised its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. R Squared Ltd acquired a new stake in shares of Celestica in the 4th quarter valued at about $51,000. IFP Advisors Inc raised its stake in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of 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 during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Trading Up 0.5 %

Celestica stock opened at $96.09 on Friday. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. 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 stock has a market capitalization of $11.18 billion, a P/E ratio of 25.69 and a beta of 2.21. The stock has a 50-day simple moving average of $109.74 and a 200 day simple moving average of $86.17.

Analyst Upgrades and Downgrades

CLS has been the topic of several recent research reports. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. Royal Bank of Canada lifted their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Two investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insiders Place Their Bets

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock worth $119,142,019 over the last three months. Insiders own 1.00% of the company’s stock.

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.