Celestica Inc. (NYSE:CLS) Shares Bought by National Bank of Canada FI

National Bank of Canada FI raised its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 181.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 388,407 shares of the technology company’s stock after purchasing an additional 250,604 shares during the quarter. National Bank of Canada FI owned 0.33% of Celestica worth $35,883,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Peregrine Capital Management LLC purchased a new position in Celestica during the fourth quarter worth about $30,000. R Squared Ltd acquired a new position in Celestica during the 4th quarter worth 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. UMB Bank n.a. lifted its holdings in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares during the period. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Celestica by 47.7% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock valued at $102,000 after buying an additional 355 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

NYSE:CLS opened at $82.43 on Thursday. 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 firm has a market cap of $9.56 billion, a PE ratio of 22.04 and a beta of 2.21. The firm has a 50 day simple moving average of $105.80 and a 200-day simple moving average of $88.80. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

Analyst Ratings Changes

CLS has been the subject of a number of recent analyst reports. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the company 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 report on Friday, January 31st. Finally, JPMorgan Chase & Co. started coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Two 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 52,588 shares of the company’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the transaction, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $67,776,924.18. This represents a 9.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company’s stock.

About Celestica

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.