3,435 Shares in Celestica Inc. (NYSE:CLS) Acquired by Ostrum Asset Management

Ostrum Asset Management bought a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,435 shares of the technology company’s stock, valued at approximately $317,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Celestica in the fourth quarter valued at about $42,000. R Squared Ltd acquired a new stake in Celestica in the fourth quarter worth about $51,000. Finally, IFP Advisors Inc grew its stake in shares of Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 4.4 %

Shares of CLS stock opened at $84.12 on Monday. 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 $9.75 billion, a P/E ratio of 22.49 and a beta of 2.09. The stock has a 50 day moving average of $93.69 and a 200 day moving average of $91.46. 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 related news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction 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 sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on 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 completion of the transaction, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 in the last 90 days. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CLS shares. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. CIBC cut their target price on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a research report on Tuesday, April 15th. JPMorgan Chase & Co. lowered their price target on Celestica from $166.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday. 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, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $103.25.

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.