Sei Investments Co. Boosts Holdings in Celestica Inc. (NYSE:CLS)

Sei Investments Co. grew its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 4.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 303,937 shares of the technology company’s stock after purchasing an additional 12,204 shares during the quarter. Sei Investments Co. owned about 0.26% of Celestica worth $28,053,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CLS. Whale Rock Capital Management LLC boosted its position in shares of 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 in the last quarter. Point72 Asset Management L.P. boosted its holdings in Celestica by 38.5% in the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Celestica during the fourth quarter worth about $47,685,000. Alberta Investment Management Corp increased its holdings in shares of Celestica by 161.5% during the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock valued at $25,808,000 after acquiring an additional 172,814 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in shares of Celestica by 21.1% during the third quarter. Franklin Resources Inc. now owns 276,788 shares of the technology company’s stock valued at $14,149,000 after acquiring an additional 48,251 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CLS has been the subject of a number of recent analyst reports. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus boosted their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. TD Securities upped their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. Finally, Barclays increased their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Stock Down 2.6 %

Shares of CLS stock opened at $97.37 on Wednesday. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The stock has a market cap of $11.29 billion, a P/E ratio of 26.03 and a beta of 2.21. The stock has a 50 day moving average of $109.73 and a 200 day moving average of $87.11. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Insider Transactions at Celestica

In other news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following 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 959,381 shares of company stock valued at $119,142,019 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

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.