212,238 Shares in Celestica Inc. (NYSE:CLS) Bought by Caisse DE Depot ET Placement DU Quebec

Caisse DE Depot ET Placement DU Quebec bought a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 212,238 shares of the technology company's stock, valued at approximately $19,577,000. Caisse DE Depot ET Placement DU Quebec owned about 0.18% of Celestica as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Wealth Management LLC bought a new stake in shares of Celestica during the fourth quarter worth about $385,000. Raymond James Financial Inc. acquired a new stake in shares of Celestica during the 4th quarter worth approximately $47,685,000. Schechter Investment Advisors LLC acquired a new stake in shares of Celestica during the 4th quarter worth approximately $294,000. American Century Companies Inc. increased its stake in shares of Celestica by 16.4% in the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after acquiring an additional 30,851 shares in the last quarter. Finally, Fruth Investment Management acquired a new position in shares of Celestica during the fourth quarter valued at about $286,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Buying and Selling

In other news, insider Alok K. Agrawal sold 6,826 shares of Celestica 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 transaction, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $64,981,670.76. This trade represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 853,591 shares of company stock valued at $106,369,812. 1.00% of the stock is owned by insiders.

Celestica Stock Up 5.4 %

CLS opened at $94.03 on Friday. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company's 50-day moving average price is $86.23 and its two-hundred day moving average price is $92.99. The stock has a market cap of $10.90 billion, a price-to-earnings ratio of 25.14 and a beta of 2.09. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 23.34% and a net margin of 4.61%. Celestica's revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.83 earnings per share. As a group, equities analysts expect that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

CLS has been the subject of several research reports. CIBC reduced their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research report on Tuesday, April 15th. Argus lowered their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Stifel Nicolaus raised their target price on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday, February 19th. Finally, Barclays decreased their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.42.

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.

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