Vaughan Nelson Investment Management L.P. Sells 69,295 Shares of Celestica Inc. (NYSE:CLS)

Vaughan Nelson Investment Management L.P. trimmed its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,128,080 shares of the technology company's stock after selling 69,295 shares during the period. Celestica comprises 1.0% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 29th biggest holding. Vaughan Nelson Investment Management L.P. owned about 0.97% of Celestica worth $104,122,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CLS. Moloney Securities Asset Management LLC bought a new stake in shares of Celestica in the fourth quarter worth about $537,000. Kingsview Wealth Management LLC bought a new position in shares of Celestica in the 4th quarter worth $456,000. Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in Celestica during the fourth quarter valued at approximately $4,549,000. Adero Partners LLC acquired a new position in shares of Celestica during the fourth quarter valued at about $207,000. Finally, Fruth Investment Management acquired a new position in shares of Celestica in the 4th quarter valued at $286,000. Institutional investors own 67.38% of the company's stock.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the firm'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 sale, the insider now 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. In the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Celestica from $91.00 to $139.00 and gave the company an "overweight" rating in a research report on Thursday, January 30th. Canaccord Genuity Group increased their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. BMO Capital Markets lifted their price target on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. TD Securities increased their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Finally, Cibc World Mkts raised shares of 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, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.27.

Celestica Trading Up 2.3 %

NYSE:CLS traded up $2.92 during trading hours on Wednesday, reaching $129.50. 3,323,535 shares of the company were exchanged, compared to its average volume of 5,048,103. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 34.63 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a 50 day simple moving average of $105.64 and a 200 day simple moving average of $76.47. Celestica Inc. has a 52-week low of $36.00 and a 52-week high of $144.27.

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.