Aviance Capital Partners LLC Buys 1,200 Shares of Celestica Inc. (NYSE:CLS)

Aviance Capital Partners LLC increased its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,235 shares of the technology company’s stock after purchasing an additional 1,200 shares during the period. Aviance Capital Partners LLC’s holdings in Celestica were worth $1,037,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Whale Rock Capital Management LLC raised its position in Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the 3rd quarter worth approximately $61,210,000. Point72 Asset Management L.P. raised its position 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 raised its position in shares of Celestica by 25.8% during the 3rd 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. Finally, Broad Peak Investment Advisers Pte Ltd raised its position in shares of Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after acquiring an additional 183,300 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS opened at $87.48 on Friday. The company has a fifty day moving average price of $111.39 and a 200 day moving average price of $83.28. The firm has a market cap of $10.18 billion, a PE ratio of 23.39 and a beta of 2.21. 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 1-year low of $40.25 and a 1-year high of $144.27.

Insider Activity

In other news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares in the company, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The shares were 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 owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last three months. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. Stifel Nicolaus upped their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price for the company. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price for the company. CIBC upgraded 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. Finally, Canaccord Genuity Group upped their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock 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.