Harvest Fund Management Co. Ltd Acquires 33,202 Shares of Celestica Inc. (NYSE:CLS)

Harvest Fund Management Co. Ltd lifted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 3,195.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,241 shares of the technology company’s stock after purchasing an additional 33,202 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Celestica were worth $3,159,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Independent Advisor Alliance increased its holdings in Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock worth $2,731,000 after acquiring an additional 79 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Celestica by 4.6% in the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock worth $188,000 after acquiring an additional 89 shares in the last quarter. UMB Bank n.a. increased its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares in the last quarter. Peregrine Capital Management LLC purchased a new stake in Celestica during the 4th quarter valued at approximately $30,000. Finally, Pier Capital LLC grew its holdings in Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock valued at $4,757,000 after buying an additional 335 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of Celestica 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 directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on 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 sale, the president now owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLS. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Stifel Nicolaus increased their target price on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price for the company. Finally, TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Stock Down 4.6 %

Shares of CLS opened at $87.53 on Wednesday. The company has a market cap of $10.18 billion, a PE ratio of 23.40 and a beta of 2.21. The business has a fifty day moving average of $110.24 and a 200 day moving average of $85.74. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. 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 Company 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.