Celestica Inc. (NYSE:CLS) Stock Holdings Increased by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership lifted its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 64.6% in the 4th quarter, HoldingsChannel reports. The firm owned 3,572,988 shares of the technology company’s stock after purchasing an additional 1,401,877 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Celestica were worth $329,460,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Pictet Asset Management Holding SA grew its position in Celestica by 3.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 20,906 shares of the technology company’s stock valued at $1,928,000 after buying an additional 678 shares in the last quarter. Norges Bank bought a new position in shares of Celestica in the fourth quarter valued at approximately $139,008,000. Neumeier Poma Investment Counsel LLC increased its stake in shares of Celestica by 32.4% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 306,260 shares of the technology company’s stock valued at $28,268,000 after acquiring an additional 74,940 shares during the period. Mark Sheptoff Financial Planning LLC raised its holdings in Celestica by 41.4% during the fourth quarter. Mark Sheptoff Financial Planning LLC now owns 28,985 shares of the technology company’s stock worth $2,675,000 after purchasing an additional 8,485 shares in the last quarter. Finally, Modern Wealth Management LLC acquired a new stake in Celestica in the fourth quarter worth approximately $263,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of CLS stock opened at $82.56 on Friday. The firm has a market cap of $9.57 billion, a P/E ratio of 22.07 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock’s 50-day moving average is $108.09 and its two-hundred day moving average is $88.07.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the transaction, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the firm’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 $1,216,476.52. Following the transaction, the president now owns 175,426 shares in the company, valued at approximately $22,373,832.04. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group boosted their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 target price for the company. Two research 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. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus target price of $110.83.

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.