Claret Asset Management Corp Makes New $2.02 Million Investment in Celestica Inc. (NYSE:CLS)

Claret Asset Management Corp purchased a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 21,848 shares of the technology company's stock, valued at approximately $2,017,000.

A number of other large investors have also made changes to their positions in CLS. FMR LLC boosted its stake in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after purchasing an additional 1,401,877 shares during the last quarter. FIL Ltd boosted its holdings in Celestica by 5,976.1% in the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after acquiring an additional 3,406,723 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after purchasing an additional 494,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Celestica by 49.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after acquiring an additional 719,805 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Buying and Selling at Celestica

In other Celestica news, CFO Mandeep Chawla sold 9,483 shares of the business's stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,209,461.82. Following the transaction, the chief financial officer now owns 90,771 shares of the company's stock, valued at approximately $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Mionis sold 52,588 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares in the company, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 934,381 shares of company stock worth $116,673,769. Corporate insiders own 1.00% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the topic of several recent analyst reports. Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. CIBC reduced their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada cut their price target on Celestica from $160.00 to $120.00 and set an "outperform" rating for the company in a report on Tuesday. 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. According to data from MarketBeat, Celestica has a consensus rating of "Moderate Buy" and an average price target of $101.58.

Celestica Stock Up 7.5 %

CLS traded up $6.18 during midday trading on Wednesday, reaching $88.95. 3,655,317 shares of the company were exchanged, compared to its average volume of 3,097,034. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The company's fifty day moving average price is $91.77 and its 200 day moving average price is $91.58. The company has a market cap of $10.31 billion, a price-to-earnings ratio of 23.78 and a beta of 2.09.

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.