Celestica Inc. (NYSE:CLS) Shares Acquired by Sigma Planning Corp

Sigma Planning Corp lifted its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 58.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,062 shares of the technology company’s stock after purchasing an additional 4,844 shares during the quarter. Sigma Planning Corp’s holdings in Celestica were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CLS. Peregrine Capital Management LLC purchased a new position in Celestica during the fourth quarter worth about $30,000. R Squared Ltd acquired a new position in shares of Celestica in the 4th quarter worth approximately $51,000. Financial Management Professionals Inc. purchased a new position in shares of Celestica during the 3rd quarter worth approximately $30,000. Private Trust Co. NA increased its holdings in Celestica by 480.0% in the 3rd 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 last quarter. Finally, UMB Bank n.a. raised its position in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares during the period. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Trading Down 7.1 %

Shares of NYSE:CLS opened at $110.75 on Tuesday. The company has a market cap of $12.89 billion, a PE ratio of 29.61 and a beta of 2.27. The company’s 50 day moving average is $111.02 and its two-hundred day moving average is $81.10. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

CLS has been the subject of several research analyst reports. Cibc World Mkts upgraded 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 report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research note on Friday, January 31st. Finally, Canaccord Genuity Group upped their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares in the company, 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 the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 over the last quarter. 1.00% of the stock is owned by insiders.

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.