Celestica Inc. (NYSE:CLS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 23.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 83,964 shares of the technology company's stock after selling 25,951 shares during the period. Geode Capital Management LLC owned approximately 0.07% of Celestica worth $8,018,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of CLS. Cornerstone Wealth Management LLC purchased a new stake in Celestica during the fourth quarter valued at approximately $385,000. Raymond James Financial Inc. purchased a new stake in Celestica during the fourth quarter valued at approximately $47,685,000. Schechter Investment Advisors LLC purchased a new stake in Celestica during the fourth quarter valued at approximately $294,000. American Century Companies Inc. lifted its position in Celestica by 16.4% during the fourth quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after acquiring an additional 30,851 shares during the last quarter. Finally, Fruth Investment Management purchased a new stake in Celestica during the fourth quarter valued at approximately $286,000. Institutional investors own 67.38% of the company's stock.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 9,181 shares of the firm's stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 91,490 shares of Celestica stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $11,187,397.20. Following the completion of the sale, the president now owns 175,426 shares in the company, valued at approximately $21,451,091.28. This trade represents a 34.28 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 934,381 shares of company stock worth $116,673,769. 1.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CLS shares. TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $120.00 price target on shares of Celestica in a report on Monday. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Finally, CIBC decreased their price target on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a report on Tuesday, April 15th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $104.09.

Celestica Stock Performance

Shares of NYSE:CLS traded down $1.35 during midday trading on Monday, reaching $87.70. The company's stock had a trading volume of 4,185,167 shares, compared to its average volume of 3,131,074. The firm has a market capitalization of $10.17 billion, a PE ratio of 23.45 and a beta of 2.09. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27. The stock has a fifty day moving average of $88.34 and a 200 day moving average of $92.67. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.56 billion. Celestica had a net margin of 4.61% and a return on equity of 23.34%. The firm's revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business earned $0.83 earnings per share. On average, equities analysts expect that Celestica Inc. will post 4.35 EPS for the current fiscal year.

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.