Roman Butler Fullerton & Co. Takes $2.10 Million Position in Celestica Inc. (NYSE:CLS)

Roman Butler Fullerton & Co. purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 24,067 shares of the technology company’s stock, valued at approximately $2,102,000.

Other hedge funds have also modified their holdings of the company. Whale Rock Capital Management LLC increased its stake in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica in the 3rd quarter valued at approximately $61,210,000. Point72 Asset Management L.P. increased its stake in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Westfield Capital Management Co. LP increased its position in Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after buying an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its position in Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after buying an additional 183,300 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on CLS shares. TD Cowen raised their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research report on Thursday, October 24th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays raised their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, TD Securities raised their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the transaction, the president now owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by insiders.

Celestica Price Performance

Shares of Celestica stock opened at $132.16 on Friday. Celestica Inc. has a twelve month low of $36.11 and a twelve month high of $144.27. The stock has a market capitalization of $15.38 billion, a P/E ratio of 35.34 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average price is $107.15 and its 200 day moving average price is $77.41.

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.