Celestica Inc. (NYSE:CLS) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 34.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,836 shares of the technology company’s stock after selling 14,392 shares during the quarter. Sanctuary Advisors LLC’s holdings in Celestica were worth $2,477,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Financial Management Professionals Inc. acquired a new stake in shares of Celestica in the third quarter valued at approximately $30,000. Private Trust Co. NA grew its position in shares of 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 purchasing an additional 720 shares during the last quarter. Global Trust Asset Management LLC acquired a new stake in Celestica during the third quarter worth approximately $51,000. R Squared Ltd acquired a new stake in Celestica during the fourth quarter worth approximately $51,000. Finally, UMB Bank n.a. boosted its position in Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company’s stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on CLS. TD Securities raised their target price 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. Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research report on Friday, January 31st. Barclays raised their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Stock Performance

Shares of CLS stock opened at $119.41 on Friday. The company’s fifty day simple moving average is $110.78 and its 200-day simple moving average is $80.39. Celestica Inc. has a 52 week low of $38.80 and a 52 week high of $144.27. 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 cap of $13.89 billion, a PE ratio of 31.93 and a beta of 2.27.

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.