Alberta Investment Management Corp Grows Stock Holdings in Celestica Inc. (NYSE:CLS)

Alberta Investment Management Corp increased its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 161.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,791 shares of the technology company's stock after acquiring an additional 172,814 shares during the quarter. Alberta Investment Management Corp owned 0.24% of Celestica worth $25,808,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CLS. Financial Management Professionals Inc. acquired a new stake in Celestica in the third quarter worth $30,000. Peregrine Capital Management LLC bought a new position in shares of Celestica during the 4th quarter worth about $30,000. Private Trust Co. NA increased its position in 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 buying an additional 720 shares in the last quarter. Global Trust Asset Management LLC bought a new stake in Celestica in the 3rd quarter valued at about $51,000. Finally, R Squared Ltd acquired a new position in Celestica during the 4th quarter worth approximately $51,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Stock Down 4.5 %

Shares of Celestica stock traded down $5.61 during trading on Friday, hitting $119.41. The company's stock had a trading volume of 4,461,770 shares, compared to its average volume of 4,805,599. 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 company has a fifty day simple moving average of $110.78 and a two-hundred day simple moving average of $80.16. Celestica Inc. has a 52 week low of $38.80 and a 52 week high of $144.27. The company has a market capitalization of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CLS. TD Cowen boosted their price objective on Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a report on Friday. They set an "overweight" rating and a $166.00 price target for the company. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $110.83.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of the business'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 transaction of $1,170,944.74. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at $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. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last 90 days. 1.00% of the stock is currently owned by insiders.

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.