Dimensional Fund Advisors LP Grows Position in Celestica Inc. (NYSE:CLS)

Dimensional Fund Advisors LP grew its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 49.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,173,318 shares of the technology company’s stock after purchasing an additional 719,805 shares during the period. Dimensional Fund Advisors LP owned approximately 1.87% of Celestica worth $200,601,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd lifted 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 during the period. Bessemer Group Inc. purchased a new stake in shares of Celestica during the 4th quarter worth approximately $42,000. R Squared Ltd acquired a new stake in shares of Celestica in the 4th quarter worth approximately $51,000. Finally, IFP Advisors Inc grew its holdings in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Price Performance

CLS stock opened at $82.64 on Wednesday. The stock has a market capitalization of $9.58 billion, a price-to-earnings ratio of 22.10 and a beta of 2.09. The stock’s fifty day simple moving average is $92.71 and its 200-day simple moving average is $91.64. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insiders Place Their Bets

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 934,381 shares of company stock valued at $116,673,769. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CLS shares. JPMorgan Chase & Co. decreased their target price on Celestica from $166.00 to $105.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Royal Bank of Canada cut their target price on shares of Celestica from $160.00 to $120.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $101.58.

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.