Advisors Asset Management Inc. Purchases 19,989 Shares of Celestica Inc. (NYSE:CLS)

Advisors Asset Management Inc. lifted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 60.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,890 shares of the technology company’s stock after buying an additional 19,989 shares during the period. Advisors Asset Management Inc.’s holdings in Celestica were worth $4,882,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Independent Advisor Alliance grew its stake in Celestica by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock valued at $2,731,000 after acquiring an additional 79 shares during the period. Jones Financial Companies Lllp lifted its holdings 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 purchasing an additional 89 shares in the last quarter. UMB Bank n.a. grew its position in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares during the period. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at approximately $30,000. Finally, Pier Capital LLC increased its stake in Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after purchasing an additional 335 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CLS shares. Canaccord Genuity Group lifted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada increased their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, Barclays increased their price objective on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Stock Performance

Shares of NYSE CLS opened at $92.09 on Thursday. 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 stock has a 50 day moving average price of $110.24 and a 200 day moving average price of $85.74. The stock has a market capitalization of $10.72 billion, a PE ratio of 24.62 and a beta of 2.21. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

Insider Transactions at Celestica

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the company’s 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 in the last 90 days. Corporate insiders own 1.00% of the company’s stock.

Celestica 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.