Union Bancaire Privee UBP SA Acquires 39,916 Shares of Celestica, Inc. $CLS

Union Bancaire Privee UBP SA raised its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 184.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,574 shares of the technology company’s stock after purchasing an additional 39,916 shares during the quarter. Union Bancaire Privee UBP SA owned approximately 0.05% of Celestica worth $18,202,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in CLS. AIA Group Ltd bought a new position in shares of Celestica in the third quarter valued at about $1,750,000. CIBC Private Wealth Group LLC raised its stake in shares of Celestica by 29.5% in the third quarter. CIBC Private Wealth Group LLC now owns 3,005 shares of the technology company’s stock worth $740,000 after acquiring an additional 684 shares during the last quarter. CIBC Bancorp USA Inc. acquired a new position in shares of Celestica during the third quarter worth approximately $946,000. Tcfg Wealth Management LLC bought a new stake in shares of Celestica during the third quarter valued at approximately $285,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Celestica in the third quarter valued at approximately $213,000. Institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

Shares of CLS opened at $284.44 on Friday. The stock has a market cap of $32.72 billion, a P/E ratio of 39.62 and a beta of 1.88. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The stock’s 50-day moving average price is $290.94 and its two-hundred day moving average price is $288.64. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Analyst Ratings Changes

Several equities research analysts have recently commented on CLS shares. Wolfe Research raised Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Citigroup lowered their price objective on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Finally, Barclays upped their target price on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $354.24.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 86,229 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $24,786,526.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the sale, the president owned 108,970 shares in the company, valued at approximately $31,323,426.50. This trade represents a 45.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 297,923 shares of company stock worth $88,027,459. 0.52% of the stock is currently owned by company insiders.

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.