Celestica Inc. (NYSE:CLS) Shares Purchased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership boosted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 64.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,572,988 shares of the technology company’s stock after buying an additional 1,401,877 shares during the period. Arrowstreet Capital Limited Partnership owned 3.07% of Celestica worth $329,460,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter worth approximately $30,000. Private Trust Co. NA grew its stake in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the period. R Squared Ltd acquired a new stake in shares of Celestica during the 4th quarter worth $51,000. IFP Advisors Inc raised its position in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares during the period. Finally, UMB Bank n.a. boosted 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 acquiring an additional 288 shares during 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, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last quarter. 1.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research reports. JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price for the company. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays increased their price target on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. 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 research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.83.

Celestica Trading Down 2.2 %

NYSE CLS opened at $82.56 on Friday. The company has a market capitalization of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company’s fifty day moving average price is $108.09 and its two-hundred day moving average price is $88.07.

About Celestica

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.