Caprock Group LLC Trims Stock Position in Celestica Inc. (NYSE:CLS)

Caprock Group LLC lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 38,907 shares of the technology company’s stock after selling 3,249 shares during the period. Caprock Group LLC’s holdings in Celestica were worth $3,591,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Optimum Investment Advisors increased its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. purchased a new stake in shares of Celestica in the third quarter valued at about $30,000. UMB Bank n.a. acquired a new position in shares of Celestica during the third quarter worth about $34,000. Private Trust Co. NA raised its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in Celestica in the third quarter valued at about $51,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 8.2 %

Shares of Celestica stock opened at $123.57 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The business has a 50 day moving average price of $98.48 and a 200 day moving average price of $72.18. The company has a market capitalization of $14.38 billion, a P/E ratio of 33.04 and a beta of 2.25. Celestica Inc. has a 1 year low of $32.80 and a 1 year high of $133.66.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CLS shares. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday. UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. Barclays raised their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada boosted their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the company’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 transaction, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.00% of the company’s stock.

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.