Celestica Inc. (NYSE:CLS) Shares Sold by Northwest & Ethical Investments L.P.

Northwest & Ethical Investments L.P. lowered its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 60.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,689 shares of the technology company's stock after selling 22,604 shares during the period. Northwest & Ethical Investments L.P.'s holdings in Celestica were worth $1,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC lifted its position in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after acquiring an additional 975,163 shares during the period. Raymond James Financial Inc. acquired a new position in Celestica during the fourth quarter worth $47,685,000. Point72 Asset Management L.P. boosted its position in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock worth $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Alberta Investment Management Corp boosted its position in Celestica by 161.5% during the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company's stock worth $25,808,000 after purchasing an additional 172,814 shares in the last quarter. Finally, Sora Investors LLC acquired a new stake in Celestica in the third quarter valued at $7,668,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

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Celestica Trading Down 9.9 %

Shares of Celestica stock traded down $9.64 during trading hours on Wednesday, hitting $87.73. The company's stock had a trading volume of 5,562,934 shares, compared to its average volume of 2,757,945. The business has a fifty day moving average of $109.61 and a 200 day moving average of $87.50. Celestica Inc. has a 1-year low of $40.25 and a 1-year 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. The company has a market capitalization of $10.17 billion, a PE ratio of 23.46 and a beta of 2.21.

Insider Buying and Selling

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the sale, the president now directly owns 175,426 shares of the company's stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLS. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on Celestica in a research report on Friday, February 21st. They issued an "overweight" rating and a $166.00 price objective on the stock. Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Royal Bank of Canada upped their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus 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.