FIL Ltd Has $319.66 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

FIL Ltd boosted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5,976.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 3,463,729 shares of the technology company’s stock after buying an additional 3,406,723 shares during the quarter. FIL Ltd’s holdings in Celestica were worth $319,662,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CLS. Peregrine Capital Management LLC acquired a new position in Celestica in the fourth quarter valued at approximately $30,000. Pinpoint Asset Management Ltd lifted its stake in shares of Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares during the period. R Squared Ltd bought a new position in shares of Celestica in the 4th quarter worth $51,000. IFP Advisors Inc grew its stake in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Finally, UMB Bank n.a. increased its holdings in Celestica by 43.6% in the fourth 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 last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock worth $116,673,769 over the last ninety days. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CLS shares. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. Finally, Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Up 6.0 %

Shares of Celestica stock opened at $70.14 on Tuesday. 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 business’s 50 day simple moving average is $103.28 and its 200 day simple moving average is $89.53. The firm has a market cap of $8.13 billion, a PE ratio of 18.75 and a beta of 2.09.

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.