2,682 Shares in Celestica Inc. (NYSE:CLS) Acquired by TradeLink Capital LLC

TradeLink Capital LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,682 shares of the technology company’s stock, valued at approximately $248,000. Celestica makes up 2.4% of TradeLink Capital LLC’s portfolio, making the stock its 18th biggest position.

Several other large investors have also recently modified their holdings of CLS. Peregrine Capital Management LLC bought a new position in shares of Celestica during the 4th quarter worth approximately $30,000. Private Trust Co. NA raised its stake in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. R Squared Ltd bought a new position in shares of Celestica during the 4th quarter worth approximately $51,000. IFP Advisors Inc raised its stake in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 441,325 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. This represents a 45.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 91,490 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $11,187,397.20. Following the completion of the sale, the president now owns 175,426 shares in the company, valued at $21,451,091.28. The trade was a 34.28 % 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 90 days. 1.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CLS. Stifel Nicolaus upped their price target on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. TD Securities upped their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Royal Bank of Canada upped their price target on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. Finally, 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 research note on Friday, December 20th. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Celestica Stock Up 7.2 %

NYSE:CLS opened at $87.48 on Friday. The firm has a market capitalization of $10.18 billion, a P/E ratio of 23.39 and a beta of 2.21. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company’s fifty day moving average price is $111.23 and its 200-day moving average price is $83.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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.