Celestica Inc. (NYSE:CLS) Position Raised by Headlands Technologies LLC

Headlands Technologies LLC increased its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 200.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,609 shares of the technology company’s stock after acquiring an additional 27,085 shares during the period. Headlands Technologies LLC’s holdings in Celestica were worth $3,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. R Squared Ltd bought a new position in Celestica in the 4th quarter worth approximately $51,000. IFP Advisors Inc increased its position in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 368 shares during the period. UMB Bank n.a. raised its stake in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after acquiring an additional 288 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its stake in Celestica by 47.7% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock valued at $102,000 after acquiring an additional 355 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

Shares of CLS opened at $78.83 on Tuesday. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a 50-day moving average of $107.40 and a two-hundred day moving average of $88.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market cap of $9.14 billion, a price-to-earnings ratio of 21.08 and a beta of 2.21.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 report on Tuesday, January 28th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. began coverage on Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective for the company. Finally, Canaccord Genuity Group lifted their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.83.

Insider Buying and Selling

In other news, President Todd C. Cooper sold 9,538 shares of the stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now owns 175,426 shares in the company, valued at $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. Company 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.