Celestica Inc. (NYSE:CLS) Shares Sold by WCM Investment Management LLC

WCM Investment Management LLC lowered its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 17.0% in the fourth quarter, HoldingsChannel reports. The firm owned 1,835,898 shares of the technology company’s stock after selling 375,179 shares during the quarter. WCM Investment Management LLC’s holdings in Celestica were worth $172,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Optimum Investment Advisors boosted its position in Celestica by 66.7% during 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 during the period. Financial Management Professionals Inc. acquired a new position in Celestica during the 3rd quarter worth $30,000. UMB Bank n.a. acquired a new position in Celestica during the 3rd quarter worth $34,000. Private Trust Co. NA boosted its position 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 acquiring an additional 720 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in Celestica during the 3rd quarter worth $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Down 2.6 %

Shares of Celestica stock opened at $129.74 on Friday. The firm has a market capitalization of $15.10 billion, a PE ratio of 34.69 and a beta of 2.27. Celestica Inc. has a 12-month low of $36.00 and a 12-month high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock’s fifty day moving average is $103.20 and its 200-day moving average is $74.75.

Insider Activity at Celestica

In related news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert Mionis sold 52,588 shares of the business’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the transaction, the chief executive officer now owns 531,417 shares in the company, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 894,381 shares of company stock valued at $110,706,319. Company insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of analyst reports. BMO Capital Markets boosted their price target on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. UBS Group started coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. TD Securities upped 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. Royal Bank of Canada upped their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, TD Cowen upped their price objective on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.27.

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.