RPg Family Wealth Advisory LLC Buys New Position in Celestica Inc. (NYSE:CLS)

RPg Family Wealth Advisory LLC bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,116 shares of the technology company’s stock, valued at approximately $2,133,000.

Several other hedge funds also recently added to or reduced their stakes in CLS. Cornerstone Wealth Management LLC acquired a new position in shares of Celestica in the fourth quarter valued at about $385,000. Quantbot Technologies LP grew its holdings in Celestica by 120.9% during the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock worth $5,299,000 after acquiring an additional 56,732 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica during the third quarter worth about $61,210,000. Sigma Planning Corp acquired a new stake in Celestica during the third quarter worth about $420,000. Finally, Schechter Investment Advisors LLC acquired a new stake in Celestica during the fourth quarter worth about $294,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of Celestica stock opened at $86.58 on Friday. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a market cap of $10.07 billion, a price-to-earnings ratio of 23.15 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The business’s 50 day moving average price is $110.82 and its 200 day moving average price is $84.41.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on Celestica in a 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 report on Friday, January 31st. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays increased their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 52,588 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $67,776,924.18. This trade represents a 9.00 % 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 corporate insiders.

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.