Edmond DE Rothschild Holding S.A. Sells 6,310 Shares of Celestica Inc. (NYSE:CLS)

Edmond DE Rothschild Holding S.A. trimmed its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 31.1% during the 4th quarter, Holdings Channel reports. The firm owned 14,004 shares of the technology company’s stock after selling 6,310 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Celestica were worth $1,291,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CLS. Whale Rock Capital Management LLC boosted its holdings in shares of Celestica by 13.0% in the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after buying an additional 1,401,877 shares during the last quarter. Norges Bank purchased a new stake in Celestica in the fourth quarter worth approximately $139,008,000. Point72 Asset Management L.P. grew its position in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after acquiring an additional 301,563 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Celestica during the fourth quarter worth approximately $47,685,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of research reports. Stifel Nicolaus upped their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research note on Friday, January 31st. Royal Bank of Canada lifted their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Canaccord Genuity Group increased their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $110.83.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Celestica Stock Performance

Shares of CLS opened at $79.17 on Wednesday. The company has a 50-day simple moving average of $107.40 and a two-hundred day simple moving average of $88.61. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The firm has a market capitalization of $9.18 billion, a PE ratio of 21.17 and a beta of 2.21. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Celestica Company Profile

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.