Zurcher Kantonalbank Zurich Cantonalbank Boosts Stock Position in Celestica Inc. (NYSE:CLS)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,132 shares of the technology company’s stock after purchasing an additional 3,130 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Celestica were worth $2,781,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CLS. Sigma Planning Corp purchased a new stake in shares of Celestica during the third quarter worth about $420,000. Plato Investment Management Ltd purchased a new stake in shares of Celestica during the third quarter worth about $188,000. Natixis Advisors LLC boosted its holdings in shares of Celestica by 1,697.3% during the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after purchasing an additional 220,494 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Celestica during the third quarter worth about $61,210,000. Finally, LMR Partners LLP purchased a new stake in shares of Celestica during the third quarter worth about $5,112,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Price Performance

Shares of CLS opened at $91.82 on Friday. The company has a market capitalization of $10.68 billion, a P/E ratio of 24.55 and a beta of 2.21. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a 50 day moving average of $110.59 and a 200 day moving average of $84.95. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now owns 83,179 shares of the company’s stock, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. 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 90 days. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on CLS shares. JPMorgan Chase & Co. started coverage on shares of Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. UBS Group started coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Finally, CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Celestica has a consensus rating of “Moderate Buy” and an average price target of $110.83.

About Celestica

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.