Custom Index Systems LLC Sells 1,384 Shares of Celestica Inc. (NYSE:CLS)

Custom Index Systems LLC trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,390 shares of the technology company’s stock after selling 1,384 shares during the period. Custom Index Systems LLC’s holdings in Celestica were worth $497,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Optimum Investment Advisors lifted its stake in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. acquired a new stake in shares of Celestica in the third quarter valued at approximately $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the third quarter worth $34,000. Private Trust Co. NA boosted its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Celestica in the third quarter valued at $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday. UBS Group started coverage on Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 target price on the stock. Stifel Nicolaus increased their price target on Celestica from $70.00 to $100.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Barclays increased their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.64.

Celestica Stock Up 8.2 %

CLS stock opened at $123.57 on Friday. The business’s 50 day simple moving average is $98.48 and its 200 day simple moving average is $72.18. Celestica Inc. has a 1-year low of $32.80 and a 1-year high of $133.66. The firm has a market capitalization of $14.38 billion, a PE ratio of 33.04 and a beta of 2.25. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the sale, the director now owns 1,784 shares in the company, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 1.00% of the company’s stock.

Celestica Company 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.