5,820 Shares in Celestica Inc. (NYSE:CLS) Purchased by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,820 shares of the technology company’s stock, valued at approximately $537,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CLS. Optimum Investment Advisors boosted its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new position in shares of Celestica in the third quarter worth approximately $30,000. UMB Bank n.a. bought a new position in shares of Celestica in the third quarter worth approximately $34,000. 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 during the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Celestica during the third quarter valued at approximately $51,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Up 0.3 %

Shares of Celestica stock opened at $130.11 on Tuesday. Celestica Inc. has a 1-year low of $36.00 and a 1-year high of $144.27. The company’s fifty day simple moving average is $104.10 and its 200-day simple moving average is $75.58. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $15.14 billion, a PE ratio of 34.79 and a beta of 2.27.

Insider Activity at Celestica

In other news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the transaction, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at $64,487,157.93. The trade was a 14.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 9,483 shares of the business’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 $1,209,461.82. Following the transaction, the chief financial officer now owns 90,771 shares of the company’s stock, valued at approximately $11,576,933.34. This trade represents a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CLS shares. Canaccord Genuity Group increased 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 raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays boosted their target price on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a report on Friday, January 31st. Finally, Royal Bank of Canada boosted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average price target of $103.27.

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.