Dynamic Technology Lab Private Ltd Sells 27,217 Shares of Celestica Inc. (NYSE:CLS)

Dynamic Technology Lab Private Ltd lessened its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 85.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,759 shares of the technology company's stock after selling 27,217 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Celestica were worth $439,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CLS. Norges Bank acquired a new position in shares of Celestica during the fourth quarter valued at $139,008,000. Arrowstreet Capital Limited Partnership lifted its position in Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares during the period. Franklin Resources Inc. boosted its stake in shares of Celestica by 290.4% in the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock valued at $99,735,000 after purchasing an additional 803,780 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Celestica in the 4th quarter valued at about $47,685,000. Finally, Wellington Management Group LLP acquired a new stake in shares of Celestica during the 4th quarter worth approximately $26,965,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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Celestica Stock Up 3.5 %

Shares of CLS stock traded up $2.65 during trading hours on Friday, hitting $79.13. 5,844,405 shares of the company were exchanged, compared to its average volume of 3,050,520. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $98.70 and a two-hundred day moving average of $90.08. The company has a market capitalization of $9.18 billion, a PE ratio of 21.16 and a beta of 2.09.

Insider Buying and Selling

In other news, President Todd C. Cooper sold 9,538 shares of Celestica 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 $1,216,476.52. Following the sale, the president now directly owns 175,426 shares in the company, 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 at the SEC website. Also, insider Yann L. Etienvre sold 83,179 shares of the business's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 934,381 shares of company stock valued at $116,673,769. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. Royal Bank of Canada increased their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. JPMorgan Chase & Co. began coverage on Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective for the company. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Finally, Barclays increased their price target 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. Two 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 stock. According to MarketBeat, Celestica has an average rating of "Moderate Buy" and an average price target 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.