Virtu Financial LLC Invests $517,000 in Celestica Inc. (NYSE:CLS)

Virtu Financial LLC purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, HoldingsChannel reports. The firm purchased 5,601 shares of the technology company’s stock, valued at approximately $517,000.

Several other hedge funds have also added to or reduced their stakes in CLS. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the fourth quarter valued at $30,000. R Squared Ltd acquired a new position in Celestica in the 4th quarter valued at about $51,000. IFP Advisors Inc raised its holdings in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 368 shares during the period. Private Trust Co. NA lifted its position in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in shares of 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 acquiring an additional 288 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CLS. Royal Bank of Canada lifted their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. TD Securities lifted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Two equities research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 441,325 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $64,981,670.76. This trade represents a 45.37 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by corporate insiders.

Celestica Stock Performance

Shares of NYSE:CLS opened at $97.37 on Wednesday. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The stock has a market capitalization of $11.29 billion, a price-to-earnings ratio of 26.03 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The company’s 50 day simple moving average is $109.73 and its 200 day simple moving average is $87.11.

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.