Darden Wealth Group Inc Invests $521,000 in Celestica Inc. (NYSE:CLS)

Darden Wealth Group Inc purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,650 shares of the technology company’s stock, valued at approximately $521,000.

Several other institutional investors have also recently made changes to their positions in the company. Peregrine Capital Management LLC purchased a new stake in Celestica in the fourth quarter worth $30,000. Pinpoint Asset Management Ltd boosted its position in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares during the period. R Squared Ltd bought a new position in Celestica in the 4th quarter worth about $51,000. IFP Advisors Inc increased its position in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the period. Finally, UMB Bank n.a. raised its stake in shares of Celestica by 43.6% during the fourth 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. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

CLS opened at $66.12 on Friday. The firm has a fifty day moving average price of $103.62 and a 200 day moving average price of $88.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The stock has a market cap of $7.67 billion, a P/E ratio of 17.68 and a beta of 2.09.

Insider Activity at Celestica

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on 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 directly owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. 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 note on Friday, January 31st. Royal Bank of Canada increased their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. began coverage on Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price on the stock. Finally, Stifel Nicolaus increased their price target on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

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.