Sciencast Management LP Buys 18,913 Shares of Celestica Inc. (NYSE:CLS)

Sciencast Management LP grew its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 133.4% during the fourth quarter, HoldingsChannel reports. The firm owned 33,092 shares of the technology company’s stock after buying an additional 18,913 shares during the quarter. Celestica comprises approximately 0.8% of Sciencast Management LP’s holdings, making the stock its 2nd biggest position. Sciencast Management LP’s holdings in Celestica were worth $3,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Advisors Asset Management Inc. lifted its position in Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after acquiring an additional 12,584 shares during the last quarter. Cerity Partners LLC grew its position in shares of Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after purchasing an additional 338 shares during the last quarter. Larson Financial Group LLC bought a new position in shares of Celestica in the third quarter worth about $204,000. Westfield Capital Management Co. LP lifted its position in shares of Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Celestica during the 3rd quarter valued at approximately $1,635,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Celestica stock opened at $96.09 on Friday. The firm has a market capitalization of $11.18 billion, a P/E ratio of 25.69 and a beta of 2.21. The stock has a fifty day moving average price of $109.74 and a two-hundred day moving average price of $86.17. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction dated 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 directly owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. The trade was a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock valued at $119,142,019 in the last three months. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on CLS shares. TD Securities lifted 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. Royal Bank of Canada boosted 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. Canaccord Genuity Group increased their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective 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 issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target 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.