2,867 Shares in Celestica Inc. (NYSE:CLS) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC bought a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,867 shares of the technology company’s stock, valued at approximately $265,000.

Other institutional investors have also added to or reduced their stakes in the company. Whale Rock Capital Management LLC grew its holdings in shares of 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 purchasing an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in Celestica in the 3rd quarter worth approximately $61,210,000. Point72 Asset Management L.P. increased its holdings in shares of 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 buying an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after buying 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 buying an additional 183,300 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on CLS. Barclays increased their target price on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Friday. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.64.

Celestica Stock Up 8.2 %

NYSE CLS opened at $123.57 on Friday. The business’s 50-day moving average is $98.48 and its 200 day moving average is $72.18. The stock has a market capitalization of $14.38 billion, a PE ratio of 33.04 and a beta of 2.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1 year low of $32.80 and a 1 year high of $133.66.

Insider Transactions at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction 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 sale, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

Celestica Company 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.