Headlands Technologies LLC Sells 32,207 Shares of Celestica, Inc. (NYSE:CLS)

Key Points

• Headlands Technologies LLC reduced its position in Celestica, Inc. by 79.3% during the 1st quarter, now holding 8,402 shares worth approximately $662,000.
• Deutsche Bank AG significantly increased its stake in Celestica by 616.4%, now owning 153,602 shares valued at over $12 million.
• Several analysts upgraded their ratings for Celestica, with Barclays raising their price target from $146 to $220 and maintaining an "overweight" rating.

Headlands Technologies LLC trimmed its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 79.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,402 shares of the technology company's stock after selling 32,207 shares during the quarter. Headlands Technologies LLC's holdings in Celestica were worth $662,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in shares of Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after buying an additional 35,690 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Celestica by 20.2% during the 4th 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Celestica by 49.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after purchasing an additional 719,805 shares in the last quarter. Polar Capital Holdings Plc boosted its stake in shares of Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after purchasing an additional 1,433,681 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Celestica by 40.3% during the 4th quarter. Capital World Investors now owns 1,313,420 shares of the technology company's stock valued at $121,229,000 after purchasing an additional 377,246 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Up 4.4%

Shares of CLS stock traded up $8.94 during mid-day trading on Tuesday, hitting $213.54. The company's stock had a trading volume of 2,713,794 shares, compared to its average volume of 4,388,220. Celestica, Inc. has a 52-week low of $40.65 and a 52-week high of $214.47. The business has a 50-day moving average price of $157.87 and a 200 day moving average price of $120.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a market cap of $24.56 billion, a price-to-earnings ratio of 46.22 and a beta of 1.80.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on CLS. CIBC cut their target price on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. Royal Bank Of Canada raised their target price on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group raised their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Argus lowered their target price on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Barclays raised their target price on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $168.92.

Celestica Company 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.