Celestica Inc. (NYSE:CLS) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. cut its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 36.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 144,792 shares of the technology company's stock after selling 82,713 shares during the period. Alliancebernstein L.P. owned about 0.12% of Celestica worth $13,364,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Independent Advisor Alliance increased its holdings in shares of Celestica by 0.3% in the 4th quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company's stock valued at $2,731,000 after acquiring an additional 79 shares during the period. Jones Financial Companies Lllp increased its stake in Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company's stock valued at $188,000 after purchasing an additional 89 shares during the period. UMB Bank n.a. raised its holdings in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after buying an additional 288 shares during the last quarter. Peregrine Capital Management LLC acquired a new stake in shares of Celestica during the fourth quarter worth about $30,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Celestica by 47.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after buying an additional 355 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

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Celestica Trading Up 3.5 %

NYSE:CLS traded up $2.65 on Friday, reaching $79.13. The stock had a trading volume of 5,844,405 shares, compared to its average volume of 3,055,956. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a market cap of $9.18 billion, a price-to-earnings ratio of 21.16 and a beta of 2.09. The firm's fifty day moving average is $98.70 and its two-hundred day moving average is $90.34. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Activity

In other news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now directly owns 456,417 shares of the company's stock, valued at $64,487,157.93. The trade was a 14.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, President Todd C. Cooper sold 9,538 shares of the business's stock in a transaction dated 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 sale, the president now owns 175,426 shares of the company's stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock valued at $116,673,769 in the last 90 days. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research report on Friday, December 20th. Stifel Nicolaus boosted their price objective 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 upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock in a research note on Friday, January 31st. Finally, TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Two investment 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 stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus 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.