Bessemer Group Inc. Makes New $42,000 Investment in Celestica Inc. (NYSE:CLS)

Bessemer Group Inc. acquired a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 452 shares of the technology company’s stock, valued at approximately $42,000.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp acquired a new stake in shares of Celestica in the third quarter valued at about $452,000. MML Investors Services LLC lifted its position in shares of Celestica by 274.0% during the third quarter. MML Investors Services LLC now owns 27,328 shares of the technology company’s stock worth $1,397,000 after purchasing an additional 20,022 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Celestica in the third quarter valued at $214,000. Barclays PLC grew its holdings in Celestica by 151.3% during the 3rd quarter. Barclays PLC now owns 51,848 shares of the technology company’s stock valued at $2,651,000 after purchasing an additional 31,219 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Celestica by 8.6% during the 3rd quarter. Geode Capital Management LLC now owns 109,915 shares of the technology company’s stock valued at $6,236,000 after purchasing an additional 8,660 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 52,588 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the sale, the chief executive officer now owns 531,417 shares in the company, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CLS. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada increased their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lowered their price objective on Celestica from $166.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $103.25.

Celestica Price Performance

NYSE CLS opened at $84.12 on Friday. The company has a 50-day moving average price of $95.46 and a two-hundred day moving average price of $90.43. The stock has a market cap of $9.75 billion, a price-to-earnings ratio of 22.49 and a beta of 2.09. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

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.