Virtu Financial LLC Invests $517,000 in Celestica Inc. (NYSE:CLS)

Virtu Financial LLC purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,601 shares of the technology company’s stock, valued at approximately $517,000.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the 4th quarter valued at $385,000. Quantbot Technologies LP boosted its holdings in Celestica by 120.9% in the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 56,732 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Celestica in the fourth quarter worth about $47,685,000. Schechter Investment Advisors LLC bought a new stake in Celestica during the 4th quarter worth about $294,000. Finally, XTX Topco Ltd acquired a new position in Celestica during the 3rd quarter valued at about $1,580,000. Institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the business’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is owned by insiders.

Celestica Stock Performance

CLS opened at $97.37 on Wednesday. The company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 26.03 and a beta of 2.21. The business’s 50-day moving average price is $109.73 and its two-hundred day moving average price is $87.11. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Analysts Set New Price Targets

CLS has been the subject of a number of recent research reports. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Barclays raised their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.83.

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.