Celestica, Inc. $CLS Position Lessened by TD Asset Management Inc

TD Asset Management Inc lowered its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 559,098 shares of the technology company’s stock after selling 25,245 shares during the quarter. TD Asset Management Inc’s holdings in Celestica were worth $137,613,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares in the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after acquiring an additional 37 shares during the last quarter. First Horizon Corp acquired a new stake in Celestica in the third quarter valued at approximately $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Celestica in the second quarter worth approximately $40,000. Finally, Avion Wealth acquired a new position in shares of Celestica during the 3rd quarter worth $40,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $301,938.15. Following the transaction, the president directly owned 108,970 shares of the company’s stock, valued at $30,894,084.70. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on 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. Insiders have sold 297,923 shares of company stock valued at $88,027,459 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Celestica Trading Down 0.6%

Shares of NYSE:CLS opened at $294.46 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The stock’s 50-day moving average is $300.46 and its 200-day moving average is $281.14. The company has a market cap of $33.88 billion, a P/E ratio of 41.01 and a beta of 1.86. Celestica, Inc. has a 52-week low of $58.05 and a 52-week high of $363.40.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CLS. Canaccord Genuity Group lifted their price objective on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. New Street Research set a $400.00 target price on Celestica in a report on Wednesday, October 29th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. The Goldman Sachs Group increased their price objective on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica 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.