Celestica Inc. (NYSE:CLS) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 32.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 107,127 shares of the technology company's stock after selling 51,115 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.09% of Celestica worth $9,888,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Whale Rock Capital Management LLC lifted its holdings in Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock valued at $432,846,000 after buying an additional 975,163 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Celestica during the 3rd quarter valued at about $61,210,000. Point72 Asset Management L.P. lifted its holdings in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after buying an additional 301,563 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company's stock valued at $27,413,000 after buying an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its holdings in shares of Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company's stock valued at $26,799,000 after purchasing an additional 183,300 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Barclays boosted their price target on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a report on Thursday, February 13th. TD Securities boosted their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. UBS Group assumed coverage on shares of Celestica in a report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target for the company. Finally, Canaccord Genuity Group boosted their price target on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Stock Performance

NYSE:CLS traded down $5.61 during trading hours on Friday, hitting $119.41. 4,457,040 shares of the company were exchanged, compared to its average volume of 4,805,327. The stock has a market capitalization of $13.89 billion, a price-to-earnings ratio of 31.93 and a beta of 2.27. Celestica Inc. has a 52-week low of $38.80 and a 52-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. The company's 50 day moving average price is $110.38 and its 200-day moving average price is $79.66.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert Mionis sold 52,588 shares of the business's stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company's stock.

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.