Tacita Capital Inc Has $1.14 Million Stake in Celestica Inc. (NYSE:CLS)

Tacita Capital Inc trimmed its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 13.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,321 shares of the technology company’s stock after selling 1,988 shares during the period. Tacita Capital Inc’s holdings in Celestica were worth $1,135,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at about $385,000. Quantbot Technologies LP grew its position in shares of Celestica by 120.9% in the third quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica in the third quarter valued at about $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica in the third quarter valued at about $420,000. Finally, Advisors Asset Management Inc. grew its position in shares of Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $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.

Analyst Ratings Changes

CLS has been the topic of several research analyst reports. CIBC raised 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. Stifel Nicolaus increased their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. 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 company. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Down 13.4 %

Shares of CLS opened at $92.72 on Tuesday. The stock has a market cap of $10.79 billion, a price-to-earnings ratio of 24.79 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a 50-day moving average price of $112.09 and a two-hundred day moving average price of $82.73.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the sale, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. Company insiders own 1.00% of the company’s stock.

About Celestica

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.