World Equity Group Inc. Purchases Shares of 2,429 Celestica Inc. (NYSE:CLS)

World Equity Group Inc. purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,429 shares of the technology company’s stock, valued at approximately $224,000.

Several other large investors have also recently bought and sold shares of CLS. UMB Bank n.a. grew its position in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the 4th quarter worth approximately $30,000. Pier Capital LLC grew its position in shares of Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after purchasing an additional 335 shares in the last quarter. Cerity Partners LLC grew its position in shares of Celestica by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock worth $551,000 after purchasing an additional 338 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its position in shares of Celestica by 47.7% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock worth $102,000 after purchasing an additional 355 shares in the last quarter. 67.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. 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 90 days. Corporate insiders own 1.00% of the company’s stock.

Celestica Price Performance

Celestica stock opened at $110.75 on Tuesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The stock has a market capitalization of $12.89 billion, a P/E ratio of 29.61 and a beta of 2.27. The stock has a fifty day moving average of $111.02 and a 200-day moving average of $81.10.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CLS. JPMorgan Chase & Co. began coverage on shares of Celestica in a research report on Friday. They set an “overweight” rating and a $166.00 target price on the stock. Barclays increased their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. TD Securities increased their target price on shares of 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 increased their price target 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. Finally, UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average target price 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.