Fmr LLC Boosts Stock Position in Celestica Inc. (NYSE:CLS)

Fmr LLC grew its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 91.2% in the 4th quarter, HoldingsChannel reports. The firm owned 11,688,700 shares of the technology company’s stock after acquiring an additional 5,574,342 shares during the quarter. Fmr LLC owned 0.10% of Celestica worth $1,078,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in CLS. Norges Bank purchased a new stake in shares of Celestica during the 4th quarter worth approximately $139,008,000. Arrowstreet Capital Limited Partnership increased its position in Celestica by 64.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after buying an additional 1,401,877 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Celestica by 290.4% in the fourth quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company’s stock valued at $99,735,000 after buying an additional 803,780 shares during the period. Raymond James Financial Inc. purchased a new position in shares of Celestica during the 4th quarter valued at $47,685,000. Finally, Wellington Management Group LLP purchased a new position in shares of Celestica during the 4th quarter valued at $26,965,000. 67.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 83,179 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock worth $116,673,769 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Celestica Trading Up 6.0 %

Shares of CLS stock opened at $70.14 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company has a market capitalization of $8.13 billion, a PE ratio of 18.75 and a beta of 2.09. The business’s fifty day moving average is $103.28 and its 200 day moving average is $89.53.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

About Celestica

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.