Celestica Inc. (NYSE:CLS) Shares Bought by Sigma Planning Corp

Sigma Planning Corp grew its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 58.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,062 shares of the technology company’s stock after buying an additional 4,844 shares during the quarter. Sigma Planning Corp’s holdings in Celestica were worth $1,206,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. purchased a new position in Celestica during the third quarter valued at approximately $30,000. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at $30,000. Private Trust Co. NA boosted its holdings 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 buying an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in Celestica during the fourth quarter worth $51,000. Finally, UMB Bank n.a. increased its holdings in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the company’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 $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares in the company, valued at $10,608,649.66. This represents a 9.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on 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 transaction, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

Celestica Stock Down 7.1 %

Shares of NYSE CLS opened at $110.75 on Tuesday. The stock has a market cap of $12.89 billion, a PE ratio of 29.61 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a 50-day moving average of $111.02 and a 200 day moving average of $81.10.

Analysts Set New Price Targets

Several research firms have recently issued reports on CLS. Royal Bank of Canada increased their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Barclays upped their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. 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 target on the stock. Finally, Stifel Nicolaus upped their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Two equities research 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 stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.83.

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.