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

Vaughan Nelson Investment Management L.P. decreased its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,128,080 shares of the technology company’s stock after selling 69,295 shares during the period. Celestica makes up about 1.0% of Vaughan Nelson Investment Management L.P.’s holdings, making the stock its 29th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in Celestica were worth $104,122,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Optimum Investment Advisors grew its stake in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after buying an additional 200 shares during the last quarter. Truist Financial Corp grew its holdings in shares of Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after purchasing an additional 214 shares during the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Celestica by 26.6% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after buying an additional 275 shares during the period. UMB Bank n.a. raised its holdings in Celestica by 43.6% during 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 last quarter. Finally, Pier Capital LLC boosted its position in Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock valued at $4,757,000 after buying an additional 335 shares during the period. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Stock Performance

Shares of Celestica stock opened at $129.74 on Friday. Celestica Inc. has a 1 year low of $36.00 and a 1 year high of $144.27. The firm’s 50-day moving average is $103.20 and its 200 day moving average is $74.75. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 34.69 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.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. TD Cowen raised their price target on Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. UBS Group began coverage on shares of Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective for the company. Finally, Stifel Nicolaus assumed coverage on shares of Celestica in a report on Tuesday, February 4th. They issued a “buy” rating and a $140.00 price objective for the company. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Insider Activity

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the sale, the insider now owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 894,381 shares of company stock worth $110,706,319 over the last 90 days. 1.00% of the stock is currently owned by insiders.

Celestica 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.