XTX Topco Ltd Trims Stock Position in Celestica Inc. (NYSE:CLS)

XTX Topco Ltd lessened its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 87.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,926 shares of the technology company's stock after selling 26,987 shares during the quarter. XTX Topco Ltd's holdings in Celestica were worth $362,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the fourth quarter worth approximately $30,000. Pinpoint Asset Management Ltd raised its position in Celestica by 109.6% during the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Celestica in the 4th quarter worth $42,000. R Squared Ltd bought a new position in shares of Celestica during the 4th quarter worth $51,000. Finally, IFP Advisors Inc grew its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after buying an additional 368 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CLS shares. Royal Bank of Canada lowered their price objective on shares of Celestica from $160.00 to $120.00 and set an "outperform" rating for the company in a research note on Tuesday. TD Securities boosted their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Barclays increased their target price on Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on Celestica from $166.00 to $105.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Cibc World Mkts upgraded Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Celestica has an average rating of "Moderate Buy" and an average price target of $101.58.

Celestica Stock Performance

NYSE:CLS traded down $3.01 during trading hours on Friday, hitting $89.13. 6,937,107 shares of the company were exchanged, compared to its average volume of 3,127,409. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 23.83 and a beta of 2.09. The company's 50 day moving average price is $89.22 and its 200-day moving average price is $92.05.

Insider Activity

In other news, CEO Robert Mionis sold 441,325 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares in the company, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company's stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares in the company, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 934,381 shares of company stock valued at $116,673,769 over the last ninety 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.