HighPoint Advisor Group LLC Makes New Investment in Celestica Inc. (NYSE:CLS)

HighPoint Advisor Group LLC purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,735 shares of the technology company’s stock, valued at approximately $160,000.

A number of other institutional investors also recently modified their holdings of the business. Peregrine Capital Management LLC purchased a new stake in shares of Celestica in the fourth quarter worth about $30,000. R Squared Ltd bought a new position in Celestica in the 4th quarter valued at $51,000. IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of 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 during the period. Finally, Wolff Wiese Magana LLC raised its position in shares of Celestica by 47.7% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock worth $102,000 after buying an additional 355 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celestica

In related news, President Todd C. Cooper sold 9,538 shares of the firm’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the sale, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. This trade represents a 5.16 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at $10,608,649.66. The trade was a 9.94 % decrease in their position. 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. 1.00% of the stock is currently owned by company insiders.

Celestica Stock Down 4.4 %

Shares of Celestica stock opened at $66.12 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company’s 50 day moving average price is $103.62 and its 200-day moving average price is $88.80. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 17.68 and a beta of 2.09.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Barclays raised their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

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.