Celestica Inc. (NYSE:CLS) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC trimmed its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 13.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,031 shares of the technology company’s stock after selling 44,003 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Celestica were worth $25,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new stake in Celestica in the fourth quarter valued at about $30,000. Private Trust Co. NA raised its stake 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 worth $44,000 after buying an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter valued at approximately $51,000. IFP Advisors Inc grew its holdings in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the period. Finally, UMB Bank n.a. raised its position in Celestica by 43.6% in 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 in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Celestica

In related news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares of the company’s stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last ninety days. 1.00% of the stock is owned by insiders.

Celestica Stock Performance

Celestica stock opened at $82.56 on Monday. Celestica Inc. has a 52 week low of $40.25 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 stock has a market cap of $9.57 billion, a P/E ratio of 22.07 and a beta of 2.21. The stock has a 50 day moving average of $108.09 and a 200-day moving average of $88.07.

Wall Street Analyst Weigh In

A number of analysts recently commented on CLS shares. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. 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 research report on Friday, January 31st. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective on the stock. Finally, CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. Two equities 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 company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

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.