Celestica Inc. (NYSE:CLS) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP decreased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 66.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the technology company's stock after selling 50,798 shares during the period. ExodusPoint Capital Management LP's holdings in Celestica were worth $2,400,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Peregrine Capital Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. R Squared Ltd acquired a new position in shares of Celestica during the 4th quarter valued at about $51,000. IFP Advisors Inc increased its position in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after purchasing an additional 368 shares during the last quarter. UMB Bank n.a. boosted its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Celestica by 47.7% during the 4th 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 last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CLS shares. Stifel Nicolaus upped their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. Barclays increased their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a research note on Thursday, February 13th. CIBC raised shares of 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. Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, TD Securities upped their price target on Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Celestica currently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

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Celestica Stock Up 2.5 %

Celestica stock traded up $1.94 during trading on Friday, reaching $78.42. The stock had a trading volume of 1,757,624 shares, compared to its average volume of 3,028,534. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The business has a 50 day moving average price of $99.77 and a 200 day moving average price of $89.88. 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 stock has a market cap of $9.09 billion, a PE ratio of 21.00 and a beta of 2.09.

Insider Buying and Selling

In other news, insider Yann L. Etienvre sold 83,179 shares of the company's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Todd C. Cooper sold 65,000 shares of the company's stock in a transaction 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 completion of the transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 934,381 shares of company stock worth $116,673,769. Corporate 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.