CIBC Asset Management Inc Has $13.22 Million Position in Celestica Inc. (NYSE:CLS)

CIBC Asset Management Inc lessened its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 143,547 shares of the technology company’s stock after selling 2,235 shares during the quarter. CIBC Asset Management Inc’s holdings in Celestica were worth $13,218,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new position in Celestica in the 4th quarter worth about $51,000. Financial Management Professionals Inc. acquired a new position in Celestica in the 3rd quarter worth about $30,000. Private Trust Co. NA increased its holdings in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. UMB Bank n.a. increased its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Celestica in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of several recent research reports. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. BMO Capital Markets increased their price target on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Stifel Nicolaus initiated coverage on Celestica in a research note on Tuesday, February 4th. They issued a “buy” rating and a $140.00 price target for the company. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $104.91.

Celestica Stock Up 0.2 %

Shares of Celestica stock opened at $132.31 on Wednesday. Celestica Inc. has a one year low of $36.11 and a one year high of $144.27. 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 50-day moving average is $107.98 and its 200 day moving average is $78.37. The firm has a market cap of $15.40 billion, a price-to-earnings ratio of 35.38 and a beta of 2.27.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the transaction, the president now owns 175,426 shares in the company, valued at approximately $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, 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. Over the last quarter, insiders have sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company’s stock.

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.