Geode Capital Management LLC Sells 25,951 Shares of Celestica Inc. (NYSE:CLS)

Geode Capital Management LLC trimmed its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,964 shares of the technology company's stock after selling 25,951 shares during the quarter. Geode Capital Management LLC owned approximately 0.07% of Celestica worth $8,018,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the 4th quarter valued at about $30,000. R Squared Ltd purchased a new position in Celestica during the fourth quarter valued at approximately $51,000. IFP Advisors Inc lifted its holdings in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. UMB Bank n.a. boosted its position 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 worth $88,000 after purchasing an additional 288 shares during the period. Finally, Wolff Wiese Magana LLC increased its stake in shares of Celestica by 47.7% in the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company's stock worth $102,000 after purchasing an additional 355 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 4.1 %

NYSE:CLS opened at $91.81 on Friday. The company's 50-day simple moving average is $90.89 and its 200-day simple moving average is $91.56. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The stock has a market capitalization of $10.65 billion, a P/E ratio of 24.55 and a beta of 2.09.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.00 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.10). Celestica had a return on equity of 23.34% and a net margin of 4.61%. On average, equities analysts anticipate that Celestica Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CLS shares. Stifel Nicolaus lifted their target price 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 lowered their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research report on Tuesday, April 15th. Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. decreased their target price on Celestica from $166.00 to $105.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. 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 equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $101.58.

Insider Transactions at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the firm's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company's stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction that occurred on 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 transaction, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 934,381 shares of company stock valued at $116,673,769 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

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.

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