Hel Ved Capital Management Ltd Buys New Stake in Celestica Inc. (NYSE:CLS)

Hel Ved Capital Management Ltd purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,500 shares of the technology company’s stock, valued at approximately $2,538,000.

Several other institutional investors have also bought and sold shares of the business. Cornerstone Wealth Management LLC bought a new position in shares of Celestica in the 4th quarter valued at about $385,000. Raymond James Financial Inc. purchased a new position in shares of Celestica in the 4th quarter worth approximately $47,685,000. Schechter Investment Advisors LLC bought a new position in shares of Celestica during the 4th quarter valued at approximately $294,000. XTX Topco Ltd purchased a new stake in Celestica during the 3rd quarter valued at $1,580,000. Finally, American Century Companies Inc. lifted its position in Celestica by 16.4% in the fourth quarter. American Century Companies Inc. now owns 219,062 shares of the technology company’s stock worth $20,217,000 after buying an additional 30,851 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research 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 objective for the company in a research note on Friday, January 31st. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Barclays increased their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Finally, TD Securities boosted their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Transactions at Celestica

In related news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company’s stock.

Celestica Stock Down 4.4 %

NYSE:CLS opened at $66.12 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market cap of $7.67 billion, a PE ratio of 17.68 and a beta of 2.09. The company has a 50-day moving average of $103.62 and a 200 day moving average of $88.80. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

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.