Signaturefd LLC Sells 399 Shares of Celestica Inc. (NYSE:CLS)

Signaturefd LLC lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 10.4% during the fourth quarter, Holdings Channel reports. The firm owned 3,446 shares of the technology company’s stock after selling 399 shares during the period. Signaturefd LLC’s holdings in Celestica were worth $318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Whale Rock Capital Management LLC grew its stake in Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. boosted its position in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Celestica by 25.8% in 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 acquiring an additional 109,972 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Celestica during the fourth quarter worth $47,685,000. Finally, Alberta Investment Management Corp boosted its holdings in shares of Celestica by 161.5% in the 4th quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock valued at $25,808,000 after purchasing an additional 172,814 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Activity at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were 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. The trade was a 93.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yann L. Etienvre sold 83,179 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at approximately $1,127,910.72. This trade represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last ninety days. Insiders own 1.00% of the company’s stock.

Celestica Trading Up 0.5 %

NYSE CLS opened at $96.09 on Friday. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $11.18 billion, a PE ratio of 25.69 and a beta of 2.21. The business’s 50-day moving average price is $109.74 and its two-hundred day moving average price is $86.17.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on CLS shares. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. 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 report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Finally, Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Two investment 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. According to MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target 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.