K.J. Harrison & Partners Inc Sells 14,000 Shares of Celestica, Inc. $CLS

K.J. Harrison & Partners Inc trimmed its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 51.9% during the third quarter, HoldingsChannel.com reports. The fund owned 13,000 shares of the technology company’s stock after selling 14,000 shares during the period. K.J. Harrison & Partners Inc’s holdings in Celestica were worth $3,262,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CLS. Thompson Davis & CO. Inc. bought a new position in Celestica during the second quarter worth about $328,000. Allianz Asset Management GmbH raised its position in shares of Celestica by 7.3% during the third quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock worth $83,044,000 after purchasing an additional 22,863 shares during the period. Light Street Capital Management LLC bought a new position in shares of Celestica during the 2nd quarter valued at about $26,422,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Celestica by 2.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock valued at $22,356,000 after purchasing an additional 3,221 shares in the last quarter. Finally, Plato Investment Management Ltd grew its position in shares of Celestica by 154.5% in the 3rd quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Insider Transactions at Celestica

In related news, insider Yann L. Etienvre sold 86,229 shares of the firm’s stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $24,786,526.05. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the transaction, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock worth $88,027,459 in the last ninety days. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CLS. TD Securities upped their price target on shares of Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a report on Friday, January 30th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Weiss Ratings reissued a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Wolfe Research raised Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and set a $400.00 price objective on shares of Celestica in a report on Thursday, January 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $356.59.

Celestica Trading Down 0.6%

NYSE CLS opened at $294.46 on Thursday. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a 50 day moving average of $300.46 and a 200-day moving average of $281.14. The company has a market cap of $33.88 billion, a PE ratio of 41.01 and a beta of 1.86.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.