Vanguard Group Inc. Sells 10,815 Shares of Celestica Inc. (NYSE:CLS)

Vanguard Group Inc. decreased its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,478,915 shares of the technology company's stock after selling 10,815 shares during the period. Vanguard Group Inc. owned 3.85% of Celestica worth $413,350,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of Celestica by 48.2% in the fourth quarter. LPL Financial LLC now owns 154,371 shares of the technology company's stock valued at $14,248,000 after purchasing an additional 50,190 shares in the last quarter. Sei Investments Co. boosted its stake in Celestica by 4.2% in the 4th quarter. Sei Investments Co. now owns 303,937 shares of the technology company's stock worth $28,053,000 after purchasing an additional 12,204 shares during the period. American Century Companies Inc. grew its holdings in Celestica by 16.4% during the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after buying an additional 30,851 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of Celestica during the fourth quarter valued at about $517,000. Finally, Sciencast Management LP lifted its holdings in shares of Celestica by 133.4% in the fourth quarter. Sciencast Management LP now owns 33,092 shares of the technology company's stock worth $3,054,000 after buying an additional 18,913 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

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Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They issued an "overweight" rating and a $166.00 price objective on the stock. Cibc World Mkts raised Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC upgraded Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. Finally, Stifel Nicolaus lifted their price target on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, February 19th. Two research 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 stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $110.83.

Celestica Price Performance

Shares of CLS stock traded down $3.07 during trading hours on Friday, hitting $66.12. 9,751,663 shares of the company's stock were exchanged, compared to its average volume of 2,948,531. The company has a market capitalization of $7.67 billion, a PE ratio of 17.68 and a beta of 2.09. 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 simple moving average is $103.62 and its 200-day simple moving average is $89.39.

Insider Buying and Selling

In other news, CEO Robert Mionis sold 75,000 shares of the company's stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares of the company's stock, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 in the last 90 days. 1.00% of the stock is owned by company insiders.

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.