Celestica Inc. (NYSE:CLS) Shares Sold by Boston Partners

Boston Partners lessened its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 39.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,324 shares of the technology company's stock after selling 20,785 shares during the quarter. Boston Partners' holdings in Celestica were worth $2,891,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Whale Rock Capital Management LLC increased its stake in Celestica by 13.0% in 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 purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. grew its stake in Celestica by 38.5% in 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 acquiring an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP increased 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 acquiring an additional 109,972 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Celestica during the fourth quarter worth about $47,685,000. Finally, Alberta Investment Management Corp raised its position in Celestica by 161.5% during the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company's stock worth $25,808,000 after acquiring an additional 172,814 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on CLS shares. CIBC raised shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a research note on Friday, January 31st. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research report on Wednesday, February 19th. Finally, Barclays boosted their target price on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and a consensus price target of $110.83.

Celestica Trading Down 9.9 %

CLS stock traded down $9.64 during trading on Wednesday, reaching $87.73. 5,562,934 shares of the stock traded hands, compared to its average volume of 4,854,069. The firm has a market capitalization of $10.17 billion, a PE ratio of 23.46 and a beta of 2.21. 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 business's 50 day moving average price is $109.61 and its 200-day moving average price is $87.50. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27.

Insider Transactions at Celestica

In other news, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Michael Wilson sold 25,000 shares of the company's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares of the company's stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by company insiders.

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.