Oppenheimer & Co. Inc. Boosts Stock Position in Celestica Inc. (NYSE:CLS)

Oppenheimer & Co. Inc. raised its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 42.1% in the 4th quarter, Holdings Channel reports. The fund owned 16,450 shares of the technology company’s stock after acquiring an additional 4,874 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Celestica were worth $1,518,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new stake in Celestica during the 4th quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in Celestica during the 4th quarter valued at 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 buying an additional 368 shares in the last quarter. 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 buying an additional 720 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 buying an additional 288 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 441,325 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was 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 trade represents a 45.37 % 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 quarter. 1.00% of the stock is currently owned by insiders.

Celestica Price Performance

Shares of NYSE:CLS opened at $92.72 on Tuesday. The business’s fifty day moving average price is $112.09 and its two-hundred day moving average price is $82.73. The stock has a market cap of $10.79 billion, a PE ratio of 24.79 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Analyst Ratings Changes

CLS has been the subject of a number of analyst reports. Stifel Nicolaus increased their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. UBS Group initiated coverage on Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. Barclays increased their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Celestica Company 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.