Assetmark Inc. Raises Stock Position in Celestica Inc. (NYSE:CLS)

Assetmark Inc. lifted its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 8,394.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,587 shares of the technology company’s stock after purchasing an additional 4,533 shares during the period. Assetmark Inc.’s holdings in Celestica were worth $423,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Peregrine Capital Management LLC purchased a new stake in Celestica in the fourth quarter worth about $30,000. Private Trust Co. NA lifted its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. R Squared Ltd bought a new stake in shares of Celestica during the fourth quarter valued at approximately $51,000. IFP Advisors Inc boosted its position in shares of Celestica by 122.7% during the fourth 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. Finally, UMB Bank n.a. grew its stake in 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. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

NYSE CLS opened at $89.71 on Thursday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $10.44 billion, a P/E ratio of 23.99 and a beta of 2.21. The company has a 50-day moving average price of $110.87 and a 200-day moving average price of $84.37. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now owns 531,417 shares in the company, valued at approximately $67,776,924.18. This trade represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 959,381 shares of company stock worth $119,142,019. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Securities upped their target price 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. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Barclays boosted their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, UBS Group began coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price on the stock. Two investment 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 company. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Celestica Company 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.