Entropy Technologies LP Sells 40,565 Shares of Celestica Inc. (NYSE:CLS)

Entropy Technologies LP cut its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 92.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,139 shares of the technology company’s stock after selling 40,565 shares during the quarter. Entropy Technologies LP’s holdings in Celestica were worth $290,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of CLS. Creative Planning increased its holdings in shares of Celestica by 36.1% during the third quarter. Creative Planning now owns 10,240 shares of the technology company’s stock valued at $523,000 after acquiring an additional 2,714 shares in the last quarter. Optimum Investment Advisors increased its holdings in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Celestica during the third quarter valued at $275,000. Stratos Wealth Advisors LLC increased its holdings in Celestica by 20.0% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 4,200 shares of the technology company’s stock worth $215,000 after buying an additional 700 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Celestica by 97.3% in the 3rd quarter. Blue Trust Inc. now owns 14,433 shares of the technology company’s stock worth $738,000 after buying an additional 7,119 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Insider Activity

In other news, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of Celestica stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the transaction, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 in the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Celestica Trading Up 0.4 %

Shares of NYSE:CLS opened at $129.83 on Friday. The stock has a market capitalization of $15.11 billion, a price-to-earnings ratio of 34.71 and a beta of 2.27. 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 stock’s 50-day simple moving average is $105.64 and its two-hundred day simple moving average is $76.47. Celestica Inc. has a 52-week low of $36.11 and a 52-week high of $144.27.

Analysts Set New Price Targets

Several equities research analysts recently commented on CLS shares. Stifel Nicolaus started coverage on Celestica in a report on Tuesday, February 4th. They issued a “buy” rating and a $140.00 price objective for the company. Barclays lifted their price objective on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group started coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. TD Securities lifted their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.91.

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.