Pictet Asset Management Holding SA Purchases 678 Shares of Celestica Inc. (NYSE:CLS)

Pictet Asset Management Holding SA raised its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 20,906 shares of the technology company’s stock after acquiring an additional 678 shares during the period. Pictet Asset Management Holding SA’s holdings in Celestica were worth $1,928,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Norges Bank bought a new stake in Celestica in the fourth quarter valued at about $139,008,000. Neumeier Poma Investment Counsel LLC raised its position in shares of Celestica by 32.4% in the 4th quarter. Neumeier Poma Investment Counsel LLC now owns 306,260 shares of the technology company’s stock valued at $28,268,000 after acquiring an additional 74,940 shares during the period. Mark Sheptoff Financial Planning LLC boosted its stake in Celestica by 41.4% during the 4th quarter. Mark Sheptoff Financial Planning LLC now owns 28,985 shares of the technology company’s stock worth $2,675,000 after acquiring an additional 8,485 shares during the last quarter. Modern Wealth Management LLC acquired a new position in Celestica during the fourth quarter valued at approximately $263,000. Finally, LPL Financial LLC increased its stake in Celestica by 48.2% in the fourth quarter. LPL Financial LLC now owns 154,371 shares of the technology company’s stock valued at $14,248,000 after purchasing an additional 50,190 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Insider Transactions at Celestica

In other news, President Todd C. Cooper sold 9,538 shares of the stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. This represents a 5.16 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 in the last three months. Insiders own 1.00% of the company’s stock.

Celestica Stock Performance

Shares of CLS opened at $66.12 on Friday. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 17.68 and a beta of 2.09. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The firm has a fifty day simple moving average of $103.62 and a 200 day simple moving average of $88.80. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CLS. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Celestica 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.