Alberta Investment Management Corp Raises Stock Position in Celestica Inc. (NYSE:CLS)

Alberta Investment Management Corp lifted its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 161.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 279,791 shares of the technology company’s stock after acquiring an additional 172,814 shares during the quarter. Alberta Investment Management Corp owned 0.24% of Celestica worth $25,808,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the 3rd quarter worth about $30,000. Peregrine Capital Management LLC purchased a new position in Celestica in the 4th quarter valued at about $30,000. Private Trust Co. NA lifted its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares in the last quarter. Global Trust Asset Management LLC purchased a new position in Celestica in the 3rd quarter valued at about $51,000. Finally, R Squared Ltd purchased a new position in Celestica in the 4th quarter valued at about $51,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen raised their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. TD Securities raised their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. Barclays lifted their target price on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Finally, BMO Capital Markets boosted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.91.

Celestica Stock Up 0.2 %

Shares of NYSE CLS opened at $132.31 on Wednesday. Celestica Inc. has a 12-month low of $36.11 and a 12-month high of $144.27. The firm’s 50-day moving average is $107.98 and its two-hundred day moving average is $78.37. The company has a market capitalization of $15.40 billion, a PE ratio of 35.38 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.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now owns 175,426 shares in the company, valued at $22,373,832.04. This trade represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock valued at $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.