Celestica Inc. (NYSE:CLS) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 77.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 23,630 shares of the technology company's stock after selling 80,030 shares during the period. Quantbot Technologies LP's holdings in Celestica were worth $2,181,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CLS. Whale Rock Capital Management LLC boosted its position in shares of 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 worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. grew its stake in shares of Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock worth $55,451,000 after acquiring an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP raised its position in shares of Celestica by 25.8% in 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 purchasing an additional 109,972 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Celestica in the 4th quarter worth approximately $47,685,000. Finally, Alberta Investment Management Corp grew its position in Celestica by 161.5% during the 4th quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company's stock worth $25,808,000 after purchasing an additional 172,814 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. assumed coverage on shares of Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective for the company. CIBC upgraded 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. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Finally, TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Celestica presently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Stock Performance

CLS traded down $3.05 on Thursday, reaching $84.61. The stock had a trading volume of 4,152,672 shares, compared to its average volume of 2,771,747. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The business's 50-day moving average price is $109.61 and its two-hundred day moving average price is $87.50. The company has a market cap of $9.81 billion, a P/E ratio of 22.62 and a beta of 2.21.

Insider Buying and Selling at Celestica

In related news, insider Alok K. Agrawal sold 6,826 shares of the business's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock valued at $119,142,019. Company insiders own 1.00% of the company's stock.

Celestica 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.