7,154 Shares in Celestica Inc. (NYSE:CLS) Bought by Chase Investment Counsel Corp

Chase Investment Counsel Corp bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,154 shares of the technology company’s stock, valued at approximately $660,000.

A number of other hedge funds have also modified their holdings of CLS. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter worth $30,000. Private Trust Co. NA grew 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 buying an additional 720 shares in the last quarter. R Squared Ltd purchased a new position in shares of Celestica during the fourth quarter valued at $51,000. IFP Advisors Inc grew its holdings in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after buying an additional 368 shares in the last quarter. Finally, UMB Bank n.a. grew 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 buying an additional 288 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of NYSE:CLS opened at $106.95 on Friday. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The business has a 50-day moving average of $111.86 and a two-hundred day moving average of $81.90. The stock has a market capitalization of $12.44 billion, a P/E ratio of 28.60 and a beta of 2.27. 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

A number of research analysts have recently weighed in on the company. Royal Bank of Canada lifted their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Canaccord Genuity Group boosted their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and an average target price of $110.83.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the company’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 value of $914,137.92. Following the completion of the transaction, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $1,216,476.52. Following the completion of the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. This trade represents a 5.16 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. 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.