Aviance Capital Partners LLC Acquires 1,200 Shares of Celestica Inc. (NYSE:CLS)

Aviance Capital Partners LLC lifted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,235 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Aviance Capital Partners LLC’s holdings in Celestica were worth $1,037,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Peregrine Capital Management LLC bought a new position in shares of Celestica in the fourth quarter worth about $30,000. R Squared Ltd bought a new position in shares of Celestica in the fourth quarter worth about $51,000. IFP Advisors Inc increased its stake in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Private Trust Co. NA increased its stake in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the period. Finally, UMB Bank n.a. grew its position in Celestica by 43.6% during the fourth 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 currently owned by institutional investors.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company’s stock.

Celestica Stock Up 7.2 %

NYSE CLS opened at $87.48 on Friday. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The stock’s 50 day moving average is $111.39 and its two-hundred day moving average is $83.28. 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 company has a market capitalization of $10.18 billion, a price-to-earnings ratio of 23.39 and a beta of 2.21.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLS. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price on the stock. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. CIBC raised 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. Finally, UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average 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.