WCM Investment Management LLC Has $172.24 Million Position in Celestica Inc. (NYSE:CLS)

WCM Investment Management LLC cut its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 17.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,835,898 shares of the technology company's stock after selling 375,179 shares during the quarter. WCM Investment Management LLC owned 1.58% of Celestica worth $172,244,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CLS. Optimum Investment Advisors increased its holdings in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after acquiring an additional 200 shares in the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of Celestica during the third quarter worth about $30,000. UMB Bank n.a. acquired a new position in shares of Celestica during the 3rd quarter worth about $34,000. Private Trust Co. NA lifted its stake in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock valued at $44,000 after buying an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in Celestica in the 3rd quarter worth about $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 1,784 shares of the company's stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the insider now owns 9,224 shares of the company's stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock worth $119,142,019 over the last three months. 1.00% of the stock is owned by insiders.

Celestica Price Performance

Shares of NYSE:CLS traded up $2.92 on Wednesday, reaching $129.50. 3,323,535 shares of the company were exchanged, compared to its average volume of 5,048,103. 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 1-year low of $36.00 and a 1-year high of $144.27. The company has a 50-day moving average of $105.64 and a 200-day moving average of $76.47. The firm has a market cap of $15.07 billion, a price-to-earnings ratio of 34.63 and a beta of 2.27.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target for the company in a report on Friday, January 31st. Canaccord Genuity Group boosted their price objective on Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a research note on Friday, December 20th. BMO Capital Markets upped their target price on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. Finally, TD Cowen lifted their price target on Celestica from $68.00 to $70.00 and gave the stock a "buy" rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.27.

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.