Edmond DE Rothschild Holding S.A. reduced its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 31.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,004 shares of the technology company's stock after selling 6,310 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Celestica were worth $1,291,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Peregrine Capital Management LLC bought a new position in shares of Celestica during the 4th quarter valued at $30,000. R Squared Ltd purchased a new position in Celestica during the 4th quarter valued at $51,000. IFP Advisors Inc lifted its position in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the period. UMB Bank n.a. boosted its holdings in shares of Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after buying an additional 288 shares in the last quarter. Finally, Wolff Wiese Magana LLC grew its stake in shares of Celestica by 47.7% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after buying an additional 355 shares during the last quarter. Institutional investors own 67.38% of the company's stock.
Celestica Trading Down 4.0 %
Shares of Celestica stock traded down $2.76 on Friday, reaching $66.43. The company had a trading volume of 7,657,010 shares, compared to its average volume of 2,938,263. The firm's 50-day moving average price is $104.73 and its two-hundred day moving average price is $88.66. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The firm has a market cap of $7.70 billion, a price-to-earnings ratio of 17.64 and a beta of 2.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.
Analyst Ratings Changes
Several analysts recently commented on CLS shares. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. TD Securities lifted their target price on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. started coverage on Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective on the stock. Finally, 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 research note on Friday, January 31st. Two 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $110.83.
Check Out Our Latest Report on CLS
Insiders Place Their Bets
In related news, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 over the last 90 days. Insiders own 1.00% of the company's stock.
About Celestica
(
Free Report)
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.
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