American Century Companies Inc. Increases Stock Position in Celestica Inc. (NYSE:CLS)

American Century Companies Inc. lifted its stake in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 16.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 219,062 shares of the technology company's stock after purchasing an additional 30,851 shares during the period. American Century Companies Inc. owned 0.19% of Celestica worth $20,217,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CLS. Virtu Financial LLC acquired a new position in shares of Celestica during the 4th quarter valued at about $517,000. Sciencast Management LP boosted its holdings in Celestica by 133.4% in the 4th quarter. Sciencast Management LP now owns 33,092 shares of the technology company's stock valued at $3,054,000 after purchasing an additional 18,913 shares during the last quarter. Mindset Wealth Management LLC purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $258,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Celestica by 111.1% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,759 shares of the technology company's stock worth $255,000 after buying an additional 1,452 shares during the last quarter. Finally, HUB Investment Partners LLC purchased a new stake in shares of Celestica during the 4th quarter valued at approximately $214,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Down 16.2 %

CLS stock traded down $13.35 during midday trading on Thursday, hitting $69.00. The company's stock had a trading volume of 7,369,236 shares, compared to its average volume of 2,916,881. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The firm has a 50-day simple moving average of $104.73 and a 200-day simple moving average of $88.66. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $8.00 billion, a P/E ratio of 18.45 and a beta of 2.09.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 75,000 shares of the stock in a transaction on 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 owns 456,417 shares of the company's stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 sale, the president now directly owns 110,426 shares of the company's stock, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. Company insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CLS shares. Royal Bank of Canada increased their price objective on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. TD Securities upped their price target on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Barclays raised their price objective on Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research report on Thursday, February 13th. Canaccord Genuity Group upped their target price on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, JPMorgan Chase & Co. began coverage on shares of Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 target price for the company. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $110.83.

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.