Roman Butler Fullerton & Co. Invests $2.10 Million in Celestica Inc. (NYSE:CLS)

Roman Butler Fullerton & Co. has acquired a new stake in Celestica Inc. (NYSE:CLS) during the fourth quarter, as indicated in their recent Form 13F filing with the SEC. The investment firm bought a total of 24,067 shares of this technology company, amounting to approximately $2,102,000.

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In addition to Roman Butler Fullerton, other hedge funds have also adjusted their investments in Celestica. For instance, Whale Rock Capital Management LLC raised its stake in the company by 13.0% in the third quarter, bringing its total ownership to 8,467,244 shares, valued at $432,846,000 after acquiring an additional 975,163 shares in that same quarter. Vaughan Nelson Investment Management L.P. also entered the scene by purchasing a new position in Celestica worth approximately $61,210,000 during the third quarter. Furthermore, Point72 Asset Management L.P. boosted its stake by 38.5% during the same period, now holding 1,084,722 shares valued at $55,451,000 after buying an extra 301,563 shares. Westfield Capital Management Co. L.P. expanded its position by 25.8%, thereby owning 536,249 shares worth $27,413,000 following a purchase of 109,972 shares. Finally, Broad Peak Investment Advisers Pte Ltd significantly increased its position by 53.8% during the third quarter, now controlling 524,245 shares valued at $26,799,000 after adding 183,300 shares. Overall, 67.38% of Celestica's stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have provided updates on Celestica's stock, reflected in recent reports. TD Cowen raised their price target for Celestica from $68.00 to $70.00, assigning it a "buy" rating. On Friday, January 31st, CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating, setting a target of $150.00. Similarly, Cibc World Markets elevated their rating for Celestica from "hold" to "strong-buy." Barclays adjusted their price target for Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating. Finally, TD Securities increased its price target from $70.00 to $107.00 while maintaining a "buy" rating for the stock. Currently, among research analysts, two have rated the stock as a hold, ten have issued a buy rating, and one has designated it as a strong buy. Based on MarketBeat.com data, the overall consensus rating for Celestica is "Moderate Buy" with an average price target of $104.91.

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Get Our Latest Research Report on Celestica

Insider Activity at Celestica

In related news, on January 6th, Director Michael Wilson sold 25,000 shares of Celestica at an average price of $98.73, amounting to $2,468,250.00. Following the sale, he now retains just 1,784 shares valued at approximately $176,134.32. This indicates a substantial 93.34% decrease in his stock ownership. This transaction was reported in a filing with the SEC. Additionally, on January 31st, President Todd C. Cooper sold 9,538 shares at an average price of $127.54, totaling $1,216,476.52. He now holds 175,426 shares valued at $22,373,832.04, representing a 5.16% reduction in his position. Over the past 90 days, a total of 959,381 shares were sold by insiders, valued at $119,142,019, with insiders holding only 1.00% of the stock.

Celestica Price Performance

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On Friday, Celestica's shares opened at $132.16. The company's stock has seen a twelve-month low of $36.11 and a high of $144.27. With a market capitalization of $15.38 billion and a P/E ratio of 35.34, Celestica exhibits a beta of 2.27. The company maintains a current ratio of 1.47, a quick ratio of 0.87, and a debt-to-equity ratio of 0.49. It also boasts fifty-day and 200-day moving average prices of $107.15 and $77.41, respectively.

Celestica Profile

(Free Report) Celestica Inc. offers diverse supply chain solutions across North America, Europe, and Asia. The firm operates through two segments: Advanced Technology Solutions and Connectivity & Cloud Solutions. Their services encompass product manufacturing, design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, logistics, asset management, product licensing, and post-market repair services.

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Explore what other hedge funds are holding CLS by visiting HoldingsChannel.com for the latest 13F filings and insider trades associated with Celestica Inc. (NYSE:CLS).

This instant news alert was generated using narrative science technology and financial data to efficiently deliver prompt and accurate reporting. The story underwent a review by an editorial team before publication.

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