Cibc World Market Inc. Has $426.89 Million Stock Holdings in Celestica, Inc. $CLS

Cibc World Market Inc. trimmed its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 6.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,735,145 shares of the technology company’s stock after selling 125,962 shares during the quarter. Celestica accounts for 0.8% of Cibc World Market Inc.’s portfolio, making the stock its 27th largest position. Cibc World Market Inc. owned approximately 1.51% of Celestica worth $426,893,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Caprock Group LLC acquired a new stake in Celestica during the 3rd quarter worth $6,398,000. Stratos Wealth Partners LTD. increased its holdings in shares of Celestica by 5.0% in the third quarter. Stratos Wealth Partners LTD. now owns 68,248 shares of the technology company’s stock worth $16,815,000 after acquiring an additional 3,240 shares in the last quarter. Stratos Wealth Advisors LLC raised its position in shares of Celestica by 2.1% during the third quarter. Stratos Wealth Advisors LLC now owns 4,830 shares of the technology company’s stock worth $1,190,000 after purchasing an additional 100 shares during the period. Rockland Trust Co. acquired a new stake in shares of Celestica during the third quarter worth about $1,138,000. Finally, Western Wealth Management LLC bought a new position in shares of Celestica during the 3rd quarter valued at about $212,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on CLS. Canaccord Genuity Group increased their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Stifel Nicolaus reiterated a “buy” rating and issued a $385.00 price target (up previously from $230.00) on shares of Celestica in a report on Wednesday, October 29th. New Street Research set a $400.00 price objective on shares of Celestica in a research report on Wednesday, October 29th. TD Securities boosted their price objective on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Insider Buying and Selling at Celestica

In other news, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president owned 12,584 shares in the company, valued at $3,887,449.28. This trade represents a 88.82% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 297,923 shares of company stock worth $88,027,459. Insiders own 0.52% of the company’s stock.

Celestica Price Performance

NYSE CLS opened at $297.79 on Wednesday. The firm’s 50 day moving average is $307.04 and its 200-day moving average is $274.63. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $34.26 billion, a PE ratio of 41.47 and a beta of 1.86. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.