Celestica, Inc. $CLS Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 4.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 559,098 shares of the technology company’s stock after selling 25,245 shares during the quarter. TD Asset Management Inc owned 0.49% of Celestica worth $137,613,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. State of New Jersey Common Pension Fund D boosted its stake in Celestica by 41.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 10,297 shares of the technology company’s stock valued at $1,607,000 after buying an additional 3,011 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Celestica by 19.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 172,622 shares of the technology company’s stock valued at $26,937,000 after acquiring an additional 28,539 shares during the last quarter. Flagship Harbor Advisors LLC boosted its position in shares of Celestica by 15.7% during the 2nd quarter. Flagship Harbor Advisors LLC now owns 4,338 shares of the technology company’s stock valued at $677,000 after purchasing an additional 590 shares in the last quarter. Buck Wealth Strategies LLC acquired a new position in shares of Celestica in the 2nd quarter worth approximately $295,000. Finally, Keybank National Association OH raised its holdings in shares of Celestica by 19.8% in the 2nd quarter. Keybank National Association OH now owns 4,348 shares of the technology company’s stock worth $679,000 after purchasing an additional 718 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $294.46 on Thursday. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. 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 stock has a market cap of $33.88 billion, a PE ratio of 41.01 and a beta of 1.86. The business has a fifty day simple moving average of $300.46 and a 200-day simple moving average of $281.14.

Insider Buying and Selling

In related news, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CLS shares. Aletheia Capital raised their target price on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. New Street Research set a $400.00 price objective on Celestica in a research note on Wednesday, October 29th. JPMorgan Chase & Co. lifted their target price on Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Finally, TD Securities increased their price target on Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.