Aigen Investment Management LP Has $999,000 Position in Celestica Inc. (NYSE:CLS)

Aigen Investment Management LP increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 13.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 10,827 shares of the technology company’s stock after purchasing an additional 1,284 shares during the quarter. Aigen Investment Management LP’s holdings in Celestica were worth $999,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Assetmark Inc. lifted its holdings in Celestica by 8,394.4% in the 4th quarter. Assetmark Inc. now owns 4,587 shares of the technology company’s stock worth $423,000 after purchasing an additional 4,533 shares during the last quarter. Schechter Investment Advisors LLC bought a new position in Celestica in the 4th quarter worth approximately $294,000. Bravias Capital Group LLC bought a new position in Celestica in the 4th quarter worth approximately $271,000. Mission Wealth Management LP bought a new position in Celestica in the 4th quarter worth approximately $1,477,000. Finally, Plato Investment Management Ltd increased its position in Celestica by 183.6% in the 4th quarter. Plato Investment Management Ltd now owns 10,454 shares of the technology company’s stock worth $968,000 after buying an additional 6,768 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 $90.88 on Thursday. The business’s fifty day moving average price is $111.85 and its two-hundred day moving average price is $83.24. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 24.30 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Analysts Set New Price Targets

Several brokerages have commented on CLS. Barclays lifted their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. UBS Group assumed coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. 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, January 28th. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the transaction, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction 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 directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This represents a 42.53 % 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 over the last three months. Company insiders own 1.00% of the company’s stock.

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.