Celestica Inc. (NYSE:CLS) Shares Bought by IFP Advisors Inc

IFP Advisors Inc boosted its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 122.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 668 shares of the technology company’s stock after acquiring an additional 368 shares during the quarter. IFP Advisors Inc’s holdings in Celestica were worth $62,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the 4th quarter valued at approximately $385,000. Quantbot Technologies LP lifted its holdings in shares of Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after buying an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the 3rd quarter valued at approximately $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica in the 3rd quarter valued at approximately $420,000. Finally, Advisors Asset Management Inc. lifted its holdings in shares of Celestica by 61.9% in 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. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on CLS. TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. began coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Performance

Celestica stock opened at $90.88 on Thursday. 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 stock has a fifty day moving average of $111.85 and a two-hundred day moving average of $83.24. The company has a market capitalization of $10.58 billion, a price-to-earnings ratio of 24.30 and a beta of 2.21. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $67,776,924.18. The trade was a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares of the company’s stock, 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. Over the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

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.