Celestica Inc. (NYSE:CLS) Position Increased by Truvestments Capital LLC

Truvestments Capital LLC lifted its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 22,370 shares of the technology company’s stock after acquiring an additional 2,323 shares during the period. Truvestments Capital LLC’s holdings in Celestica were worth $2,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CLS. Independent Advisor Alliance increased its stake in shares of Celestica by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock valued at $2,731,000 after purchasing an additional 79 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock worth $188,000 after purchasing an additional 89 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter worth $30,000. Finally, Pier Capital LLC grew its stake in shares of Celestica by 0.4% in the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after purchasing an additional 335 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Trading Up 6.9 %

Shares of NYSE CLS opened at $86.73 on Wednesday. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a market cap of $10.09 billion, a price-to-earnings ratio of 23.19 and a beta of 2.21. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business has a fifty day simple moving average of $110.98 and a 200-day simple moving average of $84.13.

Insider Buying and Selling

In related news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated 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 sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the 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 sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Royal Bank of Canada upped their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays upped their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica 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.