Celestica Inc. (NYSE:CLS) Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 11.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 206,710 shares of the technology company’s stock after selling 26,775 shares during the quarter. Natixis Advisors LLC’s holdings in Celestica were worth $19,079,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LMR Partners LLP purchased a new position in Celestica in the third quarter valued at about $5,112,000. Advisors Asset Management Inc. grew its stake in Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after purchasing an additional 12,584 shares in the last quarter. Value Aligned Research Advisors LLC grew its stake in Celestica by 10.5% in the third quarter. Value Aligned Research Advisors LLC now owns 77,210 shares of the technology company’s stock valued at $3,953,000 after purchasing an additional 7,354 shares in the last quarter. L & S Advisors Inc purchased a new position in Celestica in the third quarter valued at about $1,961,000. Finally, Cerity Partners LLC grew its stake in Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after purchasing an additional 338 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

NYSE CLS opened at $87.53 on Wednesday. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The stock has a market capitalization of $10.18 billion, a PE ratio of 23.40 and a beta of 2.21. The stock has a 50-day simple moving average of $110.24 and a 200 day simple moving average of $85.74.

Wall Street Analyst Weigh In

A number of research analysts have commented on CLS shares. JPMorgan Chase & Co. started coverage on Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price on the stock. Stifel Nicolaus boosted their target price on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. UBS Group began coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target for the company. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research report on Friday, January 31st. Finally, TD Securities boosted their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the transaction, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company’s stock.

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.