TD Waterhouse Canada Inc. Has $9.27 Million Stock Position in Celestica Inc. (NYSE:CLS)

TD Waterhouse Canada Inc. increased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,039 shares of the technology company's stock after buying an additional 9,771 shares during the period. TD Waterhouse Canada Inc. owned about 0.09% of Celestica worth $9,271,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Cornerstone Wealth Management LLC purchased a new position in Celestica during the fourth quarter worth $385,000. Raymond James Financial Inc. acquired a new position in Celestica in the fourth quarter valued at $47,685,000. Schechter Investment Advisors LLC acquired a new stake in Celestica during the 4th quarter worth approximately $294,000. American Century Companies Inc. raised its stake in shares of Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after acquiring an additional 30,851 shares during the period. Finally, Fruth Investment Management acquired a new position in shares of Celestica during the 4th quarter valued at $286,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the topic of several research reports. Royal Bank of Canada cut their price objective on Celestica from $160.00 to $120.00 and set an "outperform" rating on the stock in a research report on Tuesday. CIBC lowered their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Barclays raised their price target on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. Stifel Nicolaus boosted their price target 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. Finally, TD Securities raised their price objective on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Celestica currently has an average rating of "Moderate Buy" and an average price target of $101.58.

Celestica Stock Up 6.6 %

CLS traded up $5.44 during midday trading on Wednesday, hitting $88.21. 4,982,003 shares of the company's stock traded hands, compared to its average volume of 3,096,675. 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 company has a market cap of $10.23 billion, a PE ratio of 23.59 and a beta of 2.09. The stock's fifty day simple moving average is $91.77 and its 200-day simple moving average is $91.58. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 441,325 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $64,981,670.76. The trade was a 45.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction on 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 transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 934,381 shares of company stock valued at $116,673,769. Insiders own 1.00% of the company's stock.

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.