TD Asset Management Inc. Trims Stake in Celestica Inc (CLS)

TD Asset Management Inc. cut its holdings in Celestica Inc (NYSE:CLS) (TSE:CLS) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,741,674 shares of the technology company’s stock after selling 75,251 shares during the period. TD Asset Management Inc.’s holdings in Celestica were worth $15,251,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC bought a new position in Celestica during the 2nd quarter valued at about $298,000. Legal & General Group Plc grew its holdings in Celestica by 5.0% during the 3rd quarter. Legal & General Group Plc now owns 136,556 shares of the technology company’s stock valued at $1,478,000 after purchasing an additional 6,505 shares during the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp grew its holdings in Celestica by 33.1% during the 3rd quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 2,537,335 shares of the technology company’s stock valued at $35,497,000 after purchasing an additional 630,800 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Celestica by 1.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,449,506 shares of the technology company’s stock valued at $26,528,000 after purchasing an additional 44,625 shares during the last quarter. Finally, Capital Insight Partners LLC grew its holdings in Celestica by 33.7% during the 4th quarter. Capital Insight Partners LLC now owns 51,858 shares of the technology company’s stock valued at $455,000 after purchasing an additional 13,075 shares during the last quarter. Hedge funds and other institutional investors own 68.14% of the company’s stock.

Several equities analysts recently commented on CLS shares. Zacks Investment Research downgraded shares of Celestica from a “buy” rating to a “hold” rating in a report on Thursday. TD Securities cut their price target on shares of Celestica from $12.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, February 1st. BMO Capital Markets set a $12.00 price target on shares of Celestica and gave the company a “hold” rating in a report on Wednesday, October 24th. ValuEngine downgraded shares of Celestica from a “hold” rating to a “sell” rating in a report on Saturday, February 2nd. Finally, Scotiabank downgraded shares of Celestica from an “outperform” rating to a “sector perform” rating in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $10.17.

Celestica stock traded up $0.12 during trading hours on Monday, hitting $8.40. The company had a trading volume of 7,336 shares, compared to its average volume of 584,071. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 11.94, a price-to-earnings-growth ratio of 5.26 and a beta of 0.84. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.74 and a quick ratio of 1.07. Celestica Inc has a 1 year low of $7.53 and a 1 year high of $12.59.

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About Celestica

Celestica Inc provides design, manufacturing, hardware platform, and supply chain solutions in Canada and internationally. The company offers a range of services, including design and development, engineering, supply chain management, new product introduction, component sourcing, electronics manufacturing, assembly and test, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, and after-market repair and return services.

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Institutional Ownership by Quarter for Celestica (NYSE:CLS)

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