Plato Investment Management Ltd Has $968,000 Stake in Celestica Inc. (NYSE:CLS)

Plato Investment Management Ltd boosted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 183.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,454 shares of the technology company’s stock after acquiring an additional 6,768 shares during the period. Plato Investment Management Ltd’s holdings in Celestica were worth $968,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in Celestica in the 4th quarter worth about $30,000. R Squared Ltd acquired a new stake in Celestica in the 4th quarter worth about $51,000. IFP Advisors Inc raised its stake in 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 purchasing an additional 368 shares in the last quarter. Private Trust Co. NA raised its stake in Celestica by 480.0% in the 3rd 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, UMB Bank n.a. raised its stake in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 9,538 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the transaction, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. This represents a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 in the last three months. 1.00% of the stock is owned by corporate insiders.

Celestica Price Performance

CLS stock opened at $92.72 on Tuesday. The company has a 50 day simple moving average of $112.09 and a 200 day simple moving average of $82.73. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 24.79 and a beta of 2.27. 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.

Analyst Ratings Changes

Several analysts have weighed in on CLS shares. UBS Group initiated coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Barclays boosted their target price on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada boosted their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, Stifel Nicolaus boosted 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. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Celestica currently 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.