Mitsubishi UFJ Trust & Banking Corp Decreases Stake in Celestica Inc. (NYSE:CLS)

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 51.8% in the 4th quarter, HoldingsChannel reports. The fund owned 21,159 shares of the technology company’s stock after selling 22,700 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Celestica were worth $1,953,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the 4th quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in Celestica during the fourth quarter worth $51,000. IFP Advisors Inc grew its holdings in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. UMB Bank n.a. increased its position in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares in the last quarter. Finally, Wolff Wiese Magana LLC raised its stake in shares of Celestica by 47.7% during the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock worth $102,000 after buying an additional 355 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

CLS has been the subject of several recent research reports. TD Securities raised their target price on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Canaccord Genuity Group raised their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Finally, Barclays upped their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling

In other Celestica news, insider Yann L. Etienvre sold 83,179 shares of the business’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 $10,171,128.12. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at approximately $1,127,910.72. The trade was a 90.02 % decrease in their ownership of the stock. The transaction 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 company’s stock in a transaction dated 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 sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company’s stock.

Celestica Trading Up 0.5 %

NYSE CLS opened at $79.17 on Wednesday. The company has a market cap of $9.18 billion, a P/E ratio of 21.17 and a beta of 2.21. Celestica Inc. has a 12 month low of $40.25 and a 12 month 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 company has a 50-day moving average of $107.40 and a 200-day moving average of $88.61.

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.