Celestica Inc. (NYSE:CLS) Shares Purchased by D.A. Davidson & CO.

D.A. Davidson & CO. grew its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 17.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,250 shares of the technology company’s stock after acquiring an additional 2,075 shares during the quarter. D.A. Davidson & CO.’s holdings in Celestica were worth $1,315,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of CLS. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the third quarter valued at about $30,000. Private Trust Co. NA increased its holdings in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of Celestica during the third quarter valued at about $51,000. R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter valued at about $51,000. Finally, UMB Bank n.a. increased its holdings in shares of Celestica by 43.6% during 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 in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last quarter. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Royal Bank of Canada upped their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays upped their target price on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday. They issued an “overweight” rating and a $166.00 target price on the stock. Two research 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 MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Trading Down 4.5 %

Celestica stock opened at $119.41 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12 month low of $38.80 and a 12 month high of $144.27. The stock’s 50 day simple moving average is $110.78 and its two-hundred day simple moving average is $80.39. The firm has a market cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27.

Celestica Company 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.