Celestica, Inc. (NYSE:CLS) Shares Sold by TD Asset Management Inc

Key Points

• TD Asset Management Inc has reduced its stake in Celestica, Inc. by 19.1%, now holding 572,136 shares valued at approximately $45.13 million.
• Several institutional investors, including Rothschild Investment and ORG Partners, have recently entered positions in Celestica, which is currently 67.38% owned by institutional investors.
• The stock has shown significant price movement with a 52-week range of $40.25 to $173.71 and currently has a market cap of $19.95 billion.

TD Asset Management Inc cut its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 19.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 572,136 shares of the technology company's stock after selling 134,675 shares during the quarter. TD Asset Management Inc owned about 0.49% of Celestica worth $45,127,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Rothschild Investment LLC purchased a new position in shares of Celestica in the first quarter worth $26,000. Pinpoint Asset Management Ltd increased its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. ORG Partners LLC bought a new stake in Celestica during the first quarter valued at about $29,000. Center for Financial Planning Inc. bought a new stake in Celestica during the first quarter valued at about $30,000. Finally, Bessemer Group Inc. bought a new stake in Celestica during the fourth quarter valued at about $42,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Down 3.3%

Shares of NYSE:CLS traded down $6.62 on Friday, reaching $193.24. The company had a trading volume of 2,657,584 shares, compared to its average volume of 4,444,873. Celestica, Inc. has a 52-week low of $40.25 and a 52-week high of $214.47. The firm's 50 day simple moving average is $144.61 and its 200-day simple moving average is $115.31. The firm has a market capitalization of $22.22 billion, a PE ratio of 41.95 and a beta of 1.81. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CLS shares. Citigroup upped their price objective on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Royal Bank Of Canada raised their price objective on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Argus reduced their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $168.92.

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.