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

CIBC Asset Management Inc decreased its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 1.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 143,547 shares of the technology company’s stock after selling 2,235 shares during the quarter. CIBC Asset Management Inc owned about 0.12% of Celestica worth $13,218,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Whale Rock Capital Management LLC increased its position in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Celestica during the 3rd quarter worth approximately $61,210,000. Point72 Asset Management L.P. increased its position in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after acquiring an additional 109,972 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd increased its holdings in shares of Celestica by 53.8% during the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock worth $26,799,000 after acquiring an additional 183,300 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

NYSE:CLS opened at $132.31 on Wednesday. The stock has a fifty day moving average price of $107.98 and a 200-day moving average price of $78.37. The company has a market cap of $15.40 billion, a price-to-earnings ratio of 35.38 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $36.11 and a fifty-two week high of $144.27.

Insider Activity

In other news, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the sale, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. The trade was a 45.37 % 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 worth $119,142,019. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on CLS. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. BMO Capital Markets boosted their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Royal Bank of Canada boosted their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

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.