Edmond DE Rothschild Holding S.A. Has $1.29 Million Position in Celestica Inc. (NYSE:CLS)

Edmond DE Rothschild Holding S.A. decreased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 31.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,004 shares of the technology company’s stock after selling 6,310 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Celestica were worth $1,291,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in shares of Celestica during the fourth quarter worth about $30,000. R Squared Ltd bought a new stake in Celestica during the 4th quarter worth approximately $51,000. IFP Advisors Inc raised its stake in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares in the last quarter. Finally, Wolff Wiese Magana LLC boosted its position in shares of Celestica by 47.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock valued at $102,000 after buying an additional 355 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Price Performance

Shares of NYSE:CLS opened at $79.17 on Wednesday. The company has a 50-day moving average price of $107.40 and a two-hundred day moving average price of $88.61. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. 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 market capitalization of $9.18 billion, a PE ratio of 21.17 and a beta of 2.21.

Insider Buying and Selling

In other news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction dated 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 represents a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares in the company, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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

Several brokerages have weighed in on CLS. Stifel Nicolaus raised their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Royal Bank of Canada boosted their price target on shares of Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Barclays boosted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price target for the company. 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. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.