Thoroughbred Financial Services LLC Grows Stock Position in Celestica Inc. (NYSE:CLS)

Thoroughbred Financial Services LLC raised its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,796 shares of the technology company’s stock after buying an additional 2,915 shares during the quarter. Thoroughbred Financial Services LLC owned approximately 0.05% of Celestica worth $5,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Peregrine Capital Management LLC purchased a new stake in Celestica in the fourth quarter valued at approximately $30,000. R Squared Ltd acquired a new stake in shares of Celestica during the 4th quarter worth $51,000. IFP Advisors Inc raised its position in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares during the period. UMB Bank n.a. boosted 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 acquiring an additional 288 shares during the last quarter. Finally, Wolff Wiese Magana LLC grew its position in Celestica by 47.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock valued at $102,000 after acquiring an additional 355 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS stock opened at $69.00 on Friday. The firm has a fifty day moving average of $104.73 and a two-hundred day moving average of $88.66. The firm has a market cap of $8.00 billion, a P/E ratio of 18.45 and a beta of 2.09. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Activity at Celestica

In related news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction that occurred 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 sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 over the last three months. 1.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on CLS shares. Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. CIBC raised 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 report on Friday, January 31st. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Finally, Canaccord Genuity Group increased their price target on 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 issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.83.

About Celestica

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.