Celestica Inc. (NYSE:CLS) Shares Sold by Triasima Portfolio Management inc.

Triasima Portfolio Management inc. lowered its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 16.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 93,053 shares of the technology company’s stock after selling 18,432 shares during the quarter. Celestica comprises about 1.7% of Triasima Portfolio Management inc.’s portfolio, making the stock its 16th biggest holding. Triasima Portfolio Management inc.’s holdings in Celestica were worth $8,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Optimum Investment Advisors lifted its position in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in Celestica in the third quarter valued at about $30,000. UMB Bank n.a. acquired a new position in Celestica in the third quarter valued at about $34,000. Private Trust Co. NA lifted its position in Celestica by 480.0% in the third 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 during the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in Celestica in the third quarter valued at about $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CLS shares. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. BMO Capital Markets increased their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Barclays increased their price target on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Insider Buying and Selling at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Yann L. Etienvre sold 83,179 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the transaction, the insider now owns 9,224 shares in the company, valued at $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 894,381 shares of company stock worth $110,706,319 over the last three months. Insiders own 1.00% of the company’s stock.

Celestica Stock Down 7.2 %

CLS stock opened at $133.27 on Friday. The company’s 50 day moving average price is $101.31 and its 200 day moving average price is $73.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $36.00 and a fifty-two week high of $144.27. The firm has a market capitalization of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27.

Celestica 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.