Charles Schwab Investment Management Inc. Decreases Stock Holdings in Celestica Inc. (NYSE:CLS)

Charles Schwab Investment Management Inc. decreased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 332,389 shares of the technology company’s stock after selling 47,090 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Celestica were worth $30,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the 4th quarter valued at approximately $30,000. Private Trust Co. NA lifted its position in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares in the last quarter. R Squared Ltd purchased a new position in shares of Celestica during the 4th quarter valued at approximately $51,000. IFP Advisors Inc lifted its holdings in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CLS shares. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. started coverage on Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective on the stock. Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. Royal Bank of Canada raised their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Up 6.3 %

Shares of NYSE:CLS opened at $91.82 on Monday. The business has a 50-day moving average price of $110.59 and a 200 day moving average price of $85.19. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $10.68 billion, a price-to-earnings ratio of 24.55 and a beta of 2.21. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27.

Insider Buying and Selling

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at $10,608,649.66. The trade was a 9.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

About Celestica

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.