Celestica Inc. (NYSE:CLS) Position Cut by MML Investors Services LLC

MML Investors Services LLC decreased its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 23.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,783 shares of the technology company's stock after selling 6,545 shares during the quarter. MML Investors Services LLC's holdings in Celestica were worth $1,918,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Peregrine Capital Management LLC acquired a new position in shares of Celestica in the 4th quarter valued at $30,000. Pinpoint Asset Management Ltd boosted its holdings in Celestica by 109.6% in the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Bessemer Group Inc. purchased a new stake in Celestica during the fourth quarter valued at about $42,000. R Squared Ltd purchased a new stake in Celestica during the fourth quarter valued at about $51,000. Finally, IFP Advisors Inc increased its stake in Celestica by 122.7% during the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock worth $62,000 after acquiring an additional 368 shares during the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CLS. Argus dropped their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. raised their price objective on Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research note on Tuesday, January 28th. Finally, Barclays lowered their price objective on shares of Celestica from $157.00 to $126.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $105.42.

Celestica Stock Down 1.4 %

Shares of Celestica stock traded down $1.31 during trading on Monday, reaching $92.76. The company had a trading volume of 755,332 shares, compared to its average volume of 3,148,138. The company has a market cap of $10.76 billion, a price-to-earnings ratio of 24.78 and a beta of 1.65. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The firm's fifty day moving average is $86.23 and its 200-day moving average is $93.47. 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 (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. During the same quarter last year, the business posted $0.83 EPS. Celestica's quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts anticipate that Celestica Inc. will post 4.35 EPS for the current year.

Insider Buying and Selling at Celestica

In other news, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 75,000 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares in the company, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 146,826 shares of company stock worth $19,946,588 over the last 90 days. Insiders own 1.00% of the company's stock.

About Celestica

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.