Sciencast Management LP Has $3.05 Million Position in Celestica Inc. (NYSE:CLS)

Sciencast Management LP boosted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 133.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,092 shares of the technology company’s stock after acquiring an additional 18,913 shares during the quarter. Celestica accounts for 0.8% of Sciencast Management LP’s portfolio, making the stock its 2nd largest position. Sciencast Management LP’s holdings in Celestica were worth $3,054,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CLS. Advisors Asset Management Inc. increased its stake in Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after buying an additional 12,584 shares during the period. Cerity Partners LLC increased its stake in shares of Celestica by 3.2% during the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after acquiring an additional 338 shares during the period. Larson Financial Group LLC bought a new stake in Celestica during the third quarter worth approximately $204,000. Westfield Capital Management Co. LP lifted its position in Celestica by 25.8% in the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Celestica during the 3rd quarter valued at $1,635,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLS. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Performance

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

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the company’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 transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at $10,608,649.66. This represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This 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 valued at $119,142,019 in the last quarter. Company 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.