Swiss National Bank Decreases Position in Celestica Inc. (NYSE:CLS)

Swiss National Bank cut its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 230,600 shares of the technology company's stock after selling 3,000 shares during the quarter. Swiss National Bank owned about 0.20% of Celestica worth $21,271,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $385,000. Quantbot Technologies LP increased its position in shares of Celestica by 120.9% during the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock worth $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Celestica during the 4th quarter worth about $47,685,000. Schechter Investment Advisors LLC acquired a new stake in shares of Celestica during the 4th quarter worth about $294,000. Finally, Advisors Asset Management Inc. increased its position in shares of Celestica by 61.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock worth $1,682,000 after purchasing an additional 12,584 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert Mionis sold 75,000 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now owns 456,417 shares of the company's stock, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 value of $1,170,944.74. Following the completion of the transaction, the insider now directly owns 83,179 shares in the company, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company's stock.

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Analyst Ratings Changes

A number of brokerages recently issued reports on CLS. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a research report on Friday, January 31st. Canaccord Genuity Group lifted their target price on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Stock Performance

Shares of NYSE:CLS traded up $0.44 during trading on Friday, reaching $96.09. The company had a trading volume of 2,891,599 shares, compared to its average volume of 2,732,366. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock's fifty day moving average price is $109.74 and its 200 day moving average price is $86.17. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27.

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.