Symmetry Investments LP Purchases Shares of 40,700 Celestica Inc. (NYSE:CLS)

Symmetry Investments LP acquired a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 40,700 shares of the technology company's stock, valued at approximately $3,757,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Independent Advisor Alliance boosted its stake in Celestica by 0.3% during the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock worth $2,731,000 after buying an additional 79 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Celestica by 4.6% during the 4th quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after acquiring an additional 89 shares in the last quarter. Pinpoint Asset Management Ltd boosted its position in shares of 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 acquiring an additional 182 shares in the last quarter. NewEdge Advisors LLC increased its stake in Celestica by 5.5% in the fourth quarter. NewEdge Advisors LLC now owns 5,400 shares of the technology company's stock valued at $498,000 after acquiring an additional 281 shares during the period. Finally, UMB Bank n.a. raised its position in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Down 3.3 %

Shares of CLS stock traded down $3.01 on Friday, reaching $89.13. The company had a trading volume of 6,937,107 shares, compared to its average volume of 3,126,830. The stock has a market cap of $10.34 billion, a PE ratio of 23.83 and a beta of 2.09. The company has a 50-day moving average of $89.22 and a 200-day moving average of $92.28. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. CIBC lowered their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Barclays lifted 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. Royal Bank of Canada lowered their target price on shares of Celestica from $160.00 to $120.00 and set an "outperform" rating on the stock in a report on Tuesday, April 22nd. Finally, Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and an average target price of $106.00.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction dated Friday, February 7th. The stock was 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 owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. 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 shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares in the company, valued at approximately $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. Over the last three months, insiders have sold 934,381 shares of company stock worth $116,673,769. Company insiders own 1.00% of the company's stock.

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.