SBI Securities Co. Ltd. Invests $279,000 in Celestica Inc. (NYSE:CLS)

SBI Securities Co. Ltd. purchased a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,023 shares of the technology company’s stock, valued at approximately $279,000.

Other large investors have also modified their holdings of the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the fourth quarter worth about $30,000. Private Trust Co. NA boosted its position in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the last quarter. R Squared Ltd purchased a new stake in Celestica in the fourth quarter valued at approximately $51,000. IFP Advisors Inc boosted its position in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after buying an additional 368 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in Celestica by 43.6% in the fourth 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 last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the company’s 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 completion of the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 in the last three months. 1.00% of the stock is currently owned by company insiders.

Celestica Trading Up 0.7 %

Shares of CLS stock opened at $90.88 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 company has a market cap of $10.58 billion, a price-to-earnings ratio of 24.30 and a beta of 2.21. The stock has a 50 day simple moving average of $111.85 and a 200-day simple moving average of $83.24. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

Analysts Set New Price Targets

A number of brokerages recently commented on CLS. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price on the stock. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research report on Friday, January 31st. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

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.