Hillsdale Investment Management Inc. Has $12.38 Million Stake in Celestica Inc. (NYSE:CLS)

Hillsdale Investment Management Inc. trimmed its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 77.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 134,333 shares of the technology company’s stock after selling 472,650 shares during the period. Celestica accounts for 0.6% of Hillsdale Investment Management Inc.’s holdings, making the stock its 26th largest position. Hillsdale Investment Management Inc.’s holdings in Celestica were worth $12,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CLS. Advisors Asset Management Inc. raised its position in shares of Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after buying an additional 12,584 shares in the last quarter. Cerity Partners LLC raised 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 buying an additional 338 shares in the last quarter. Larson Financial Group LLC acquired a new position in Celestica during the third quarter valued at approximately $204,000. Westfield Capital Management Co. LP raised 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 valued at $27,413,000 after purchasing an additional 109,972 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Celestica during the third quarter valued at approximately $1,635,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of Celestica stock opened at $96.09 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21. The company’s fifty day moving average is $109.74 and its 200 day moving average is $86.17.

Analysts Set New Price Targets

CLS has been the subject of several research analyst reports. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Stifel Nicolaus boosted 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. Barclays boosted their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, UBS Group assumed coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Buying and Selling

In related news, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of the business’s stock in a transaction 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 completion of the sale, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last 90 days. 1.00% of the stock is owned by insiders.

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.