XTX Topco Ltd Sells 26,987 Shares of Celestica Inc. (NYSE:CLS)

XTX Topco Ltd trimmed its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 87.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,926 shares of the technology company’s stock after selling 26,987 shares during the period. XTX Topco Ltd’s holdings in Celestica were worth $362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its position in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock worth $1,078,804,000 after buying an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the period. FIL Ltd grew its holdings in shares of Celestica by 5,976.1% during the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock worth $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Invesco Ltd. increased its position in shares of Celestica by 20.2% during the fourth quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company’s stock valued at $271,622,000 after purchasing an additional 494,542 shares during the period. Finally, Norges Bank acquired a new position in shares of Celestica in the fourth quarter valued at $139,008,000. Institutional investors own 67.38% of the company’s stock.

Insider Transactions at Celestica

In other Celestica 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 sale, the president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yann L. Etienvre sold 83,179 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the completion of the transaction, the insider now directly owns 9,224 shares in the company, valued at $1,127,910.72. This trade represents a 90.02 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 934,381 shares of company stock worth $116,673,769. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CLS. Stifel Nicolaus lifted their price target on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on shares of Celestica from $166.00 to $105.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Royal Bank of Canada decreased their price objective on Celestica from $160.00 to $120.00 and set an “outperform” rating on the stock in a report on Tuesday. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Finally, CIBC decreased their price target on Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a research note on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $101.58.

Celestica Stock Performance

Shares of NYSE:CLS opened at $82.64 on Wednesday. The business has a fifty day moving average of $92.71 and a 200-day moving average of $91.64. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The firm has a market cap of $9.58 billion, a PE ratio of 22.10 and a beta of 2.09.

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.