Thrivent Financial for Lutherans Sells 101,523 Shares of Celestica Inc. (NYSE:CLS)

Thrivent Financial for Lutherans reduced its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 64.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,599 shares of the technology company's stock after selling 101,523 shares during the period. Thrivent Financial for Lutherans' holdings in Celestica were worth $5,204,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC acquired a new stake in Celestica during the 4th quarter worth $385,000. Quantbot Technologies LP increased its holdings in Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock valued at $5,299,000 after purchasing an additional 56,732 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Celestica during the fourth quarter worth $47,685,000. Schechter Investment Advisors LLC acquired a new stake in shares of Celestica in the fourth quarter valued at $294,000. Finally, Advisors Asset Management Inc. raised its holdings in shares of Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock valued at $1,682,000 after buying an additional 12,584 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Insider Buying and Selling at Celestica

In related news, 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 transaction of $8,435,700.00. Following the sale, the president now owns 110,426 shares of the company's stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were 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 of the company's stock, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by insiders.

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Analyst Ratings Changes

Several equities research analysts recently weighed in on CLS shares. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. initiated coverage on Celestica in a research report on Friday, February 21st. They set an "overweight" rating and a $166.00 price objective on the stock. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Finally, Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $110.83.

Celestica Stock Down 2.2 %

Shares of CLS traded down $1.83 during midday trading on Friday, hitting $82.56. The company had a trading volume of 3,977,992 shares, compared to its average volume of 2,863,665. The stock has a market cap of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company's 50 day moving average price is $108.09 and its 200 day moving average price is $87.76. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

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.