Tobam Sells 825 Shares of Celestica Inc. (NYSE:CLS)

Tobam reduced its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 37.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,380 shares of the technology company’s stock after selling 825 shares during the period. Tobam’s holdings in Celestica were worth $127,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Optimum Investment Advisors grew its holdings in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Celestica during the third quarter worth $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the third quarter worth $34,000. Private Trust Co. NA increased its holdings in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. Finally, Global Trust Asset Management LLC bought a new position in Celestica during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $129.74 on Friday. The business has a 50-day simple moving average of $102.31 and a 200 day simple moving average of $74.25. The firm has a market capitalization of $15.10 billion, a price-to-earnings ratio of 34.69 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $36.00 and a one year high of $144.27.

Analyst Upgrades and Downgrades

CLS has been the topic of a number of analyst reports. Barclays upped their price target on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a report on Friday, January 31st. Stifel Nicolaus initiated coverage on shares of Celestica in a research note on Tuesday. They issued a “buy” rating and a $140.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Canaccord Genuity Group upped their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two 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 company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $103.27.

Insider Activity

In other news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the completion of the sale, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. This represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 894,381 shares of company stock worth $110,706,319 over the last quarter. 1.00% of the stock is currently owned by corporate insiders.

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.