K.J. Harrison & Partners Inc Sells 9,000 Shares of Celestica Inc. (NYSE:CLS)

K.J. Harrison & Partners Inc decreased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 24.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,000 shares of the technology company’s stock after selling 9,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Celestica were worth $2,607,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Creative Planning grew its position in Celestica by 36.1% in the 3rd quarter. Creative Planning now owns 10,240 shares of the technology company’s stock valued at $523,000 after purchasing an additional 2,714 shares during the period. Private Advisor Group LLC bought a new stake in Celestica during the 3rd quarter worth approximately $934,000. Gladstone Institutional Advisory LLC raised its stake in shares of Celestica by 34.4% in the third quarter. Gladstone Institutional Advisory LLC now owns 9,179 shares of the technology company’s stock worth $469,000 after purchasing an additional 2,348 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Celestica by 52.7% in the third quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company’s stock valued at $3,143,000 after purchasing an additional 21,228 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Celestica by 40.0% during the third quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock valued at $3,439,000 after buying an additional 19,221 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a report on Friday, January 31st. Barclays upped their price objective 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, Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 65,000 shares of the stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the business’s 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 sale, the insider now owns 9,224 shares in the company, valued at $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. Insiders sold 959,381 shares of company stock valued at $119,142,019 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Celestica Trading Up 5.1 %

NYSE:CLS opened at $111.52 on Thursday. Celestica Inc. has a 12 month low of $40.25 and a 12 month 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 firm’s 50 day moving average is $111.57 and its 200 day moving average is $81.72. The stock has a market capitalization of $12.98 billion, a PE ratio of 29.82 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.