Baader Bank Aktiengesellschaft Takes Position in Celestica Inc. (NYSE:CLS)

Baader Bank Aktiengesellschaft purchased a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,000 shares of the technology company’s stock, valued at approximately $369,000.

Other large investors have also bought and sold shares of the company. Optimum Investment Advisors lifted its stake in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the period. R Squared Ltd bought a new stake in shares of Celestica in the 4th quarter valued at about $51,000. Financial Management Professionals Inc. bought a new stake in shares of Celestica in the 3rd quarter valued at about $30,000. UMB Bank n.a. acquired a new stake in shares of Celestica in the 3rd quarter valued at approximately $34,000. Finally, Private Trust Co. NA grew its holdings in 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 purchasing an additional 720 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of NYSE:CLS opened at $114.11 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $32.80 and a 12-month high of $131.23. The company’s 50 day moving average price is $97.80 and its two-hundred day moving average price is $71.75. The firm has a market cap of $13.28 billion, a PE ratio of 36.22 and a beta of 2.25.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen boosted their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. TD Securities boosted their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday. Stifel Nicolaus raised their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Canaccord Genuity Group upped their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Royal Bank of Canada raised their price objective on shares of Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $89.18.

Insider Buying and Selling at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated 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 owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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.