Celestica, Inc. $CLS Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 243,686 shares of the technology company’s stock after selling 22,047 shares during the period. American Century Companies Inc.’s holdings in Celestica were worth $59,973,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CLS. Wealthedge Investment Advisors LLC acquired a new stake in Celestica in the 3rd quarter worth about $746,000. Ninepoint Partners LP purchased a new position in shares of Celestica during the 3rd quarter worth about $120,000. Quantbot Technologies LP boosted its position in shares of Celestica by 127.8% in the third quarter. Quantbot Technologies LP now owns 50,199 shares of the technology company’s stock worth $12,368,000 after acquiring an additional 28,160 shares during the last quarter. Choreo LLC acquired a new stake in shares of Celestica in the third quarter worth approximately $348,000. Finally, Second Half Financial Partners LLC purchased a new stake in Celestica in the third quarter valued at approximately $246,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Performance

Shares of CLS stock opened at $270.84 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88. The company’s fifty day moving average price is $297.84 and its two-hundred day moving average price is $283.50. The firm has a market capitalization of $31.16 billion, a P/E ratio of 37.72 and a beta of 1.88. Celestica, Inc. has a 12 month low of $58.05 and a 12 month high of $363.40.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Citigroup decreased their price target on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. BMO Capital Markets reiterated an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Aletheia Capital raised their price target on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $400.00 price target on shares of Celestica in a research report on Thursday, January 22nd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $356.59.

Insider Transactions at Celestica

In related news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $324,618.95. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 297,923 shares of company stock valued at $88,027,459. 0.52% of the stock is currently owned by insiders.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.