SG Americas Securities LLC Takes Position in Celestica Inc. (NYSE:CLS)

SG Americas Securities LLC acquired a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,755 shares of the technology company’s stock, valued at approximately $162,000.

Several other hedge funds have also recently bought and sold shares of CLS. Whale Rock Capital Management LLC lifted its position in shares of Celestica by 13.0% in 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 during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Celestica in the 3rd quarter worth approximately $61,210,000. Point72 Asset Management L.P. lifted its holdings in Celestica by 38.5% in 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 purchasing an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in Celestica by 25.8% during the third quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd grew its holdings in Celestica by 53.8% during the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after purchasing an additional 183,300 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Celestica

In other news, CEO Robert Mionis sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now directly owns 456,417 shares in the company, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 894,381 shares of company stock worth $110,706,319. 1.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on CLS shares. Royal Bank of Canada boosted their price objective 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 raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research report on Friday, January 31st. Canaccord Genuity Group raised their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, TD Cowen raised their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

Celestica Price Performance

Shares of CLS stock opened at $129.74 on Monday. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The company has a market capitalization of $15.10 billion, a P/E ratio of 34.69 and a beta of 2.27. The stock has a 50 day moving average of $103.20 and a two-hundred day moving average of $75.02. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

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.