Baader Bank Aktiengesellschaft Takes $369,000 Position in Celestica Inc. (NYSE:CLS)

Baader Bank Aktiengesellschaft bought a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 4,000 shares of the technology company’s stock, valued at approximately $369,000.

Several other large investors have also made changes to their positions in CLS. Cornerstone Wealth Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at about $385,000. Quantbot Technologies LP lifted its position in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after buying an additional 56,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Celestica during the third quarter worth approximately $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica in the third quarter worth $420,000. Finally, Advisors Asset Management Inc. raised its stake in shares of Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after acquiring an additional 12,584 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. TD Cowen increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Royal Bank of Canada raised their target price on Celestica from $75.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Barclays boosted their price target on Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday. BMO Capital Markets increased their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group began coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average target price of $89.18.

Celestica Stock Up 13.5 %

CLS stock opened at $114.11 on Friday. The stock has a market cap of $13.28 billion, a PE ratio of 36.22 and a beta of 2.25. The firm’s 50-day simple moving average is $97.80 and its 200 day simple moving average is $71.75. Celestica Inc. has a fifty-two week low of $32.80 and a fifty-two week high of $131.23. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Activity

In related news, Director Michael Wilson sold 25,000 shares of Celestica 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 transaction, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

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.