D Orazio & Associates Inc. Cuts Position in Celestica Inc. (NYSE:CLS)

D Orazio & Associates Inc. cut its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 3.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,926 shares of the technology company’s stock after selling 382 shares during the period. D Orazio & Associates Inc.’s holdings in Celestica were worth $1,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the 3rd quarter valued at about $61,210,000. Whale Rock Capital Management LLC lifted its position in Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after acquiring an additional 975,163 shares during the period. Point72 Asset Management L.P. lifted its position in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares during the period. Natixis Advisors LLC grew its stake in shares of Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after purchasing an additional 220,494 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its holdings in shares of Celestica by 53.8% in the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after purchasing an additional 183,300 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 9,483 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,209,461.82. Following the completion of the transaction, the chief financial officer now owns 90,771 shares in the company, valued at approximately $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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 sale, 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. Over the last 90 days, insiders have sold 894,381 shares of company stock valued at $110,706,319. Insiders own 1.00% of the company’s stock.

Celestica Stock Performance

CLS opened at $129.74 on Friday. Celestica Inc. has a 1-year low of $36.00 and a 1-year high of $144.27. The stock has a market cap of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. The stock’s 50 day simple moving average is $102.31 and its 200 day simple moving average is $74.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

CLS has been the subject of several recent research reports. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a report on Friday, January 31st. TD Cowen raised their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays raised their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $103.27.

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.