Pictet Asset Management Holding SA Has $1.93 Million Position in 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 Securities and Exchange Commission (SEC). The fund owned 20,906 shares of the technology company’s stock after purchasing an additional 678 shares during the quarter. 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 recently added to or reduced their stakes in the company. Whale Rock Capital Management LLC raised its position in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock valued at $432,846,000 after purchasing an additional 975,163 shares during the period. Norges Bank acquired a new position in Celestica in the 4th quarter valued at about $139,008,000. Raymond James Financial Inc. bought a new position in Celestica in the 4th quarter valued at about $47,685,000. Neumeier Poma Investment Counsel LLC lifted its position in Celestica by 32.4% during the fourth quarter. Neumeier Poma Investment Counsel LLC now owns 306,260 shares of the technology company’s stock worth $28,268,000 after acquiring an additional 74,940 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Celestica by 4.2% during the fourth quarter. Sei Investments Co. now owns 303,937 shares of the technology company’s stock worth $28,053,000 after acquiring an additional 12,204 shares during the period. 67.38% of the stock is owned by institutional investors.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now owns 110,426 shares in the company, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Robert Mionis sold 75,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was 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 trade represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CLS shares. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Canaccord Genuity Group lifted their target price on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Stifel Nicolaus upped their price target on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective for the company. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $110.83.

Celestica Stock Down 4.4 %

NYSE CLS opened at $66.12 on Friday. The business has a fifty day moving average price of $103.62 and a two-hundred day moving average price of $88.80. The stock has a market capitalization of $7.67 billion, a PE ratio of 17.68 and a beta of 2.09. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

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.