Boston Partners Lowers Holdings in Celestica Inc. (NYSE:CLS)

Boston Partners lowered its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 39.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,324 shares of the technology company’s stock after selling 20,785 shares during the period. Boston Partners’ holdings in Celestica were worth $2,891,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the fourth quarter worth $30,000. Private Trust Co. NA grew its stake in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in Celestica during the 4th quarter worth about $51,000. IFP Advisors Inc raised its position in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares during the period. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Celestica news, Director Michael Wilson sold 25,000 shares of Celestica 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

Celestica Price Performance

Shares of NYSE CLS opened at $96.09 on Friday. The stock has a market cap of $11.18 billion, a P/E ratio of 25.69 and a beta of 2.21. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The stock has a 50 day moving average of $109.74 and a two-hundred day moving average of $86.17. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Analysts Set New Price Targets

A number of research firms recently weighed in on CLS. JPMorgan Chase & Co. started coverage on shares of Celestica in a research note on Friday, February 21st. They set an “overweight” rating and a $166.00 target price on the stock. UBS Group initiated coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. Barclays boosted their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Canaccord Genuity Group raised their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

About Celestica

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.