Allspring Global Investments Holdings LLC Lowers Holdings in Celestica Inc. (NYSE:CLS)

Allspring Global Investments Holdings LLC lowered its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 32.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 107,127 shares of the technology company’s stock after selling 51,115 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.09% of Celestica worth $9,888,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Financial Management Professionals Inc. bought a new stake in Celestica in the 3rd quarter valued at $30,000. Private Trust Co. NA increased its holdings in shares of Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in shares of Celestica in the third quarter worth about $51,000. R Squared Ltd purchased a new stake in shares of Celestica in the fourth quarter worth about $51,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after buying an additional 275 shares during the last quarter. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the sale, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 transaction of $8,435,700.00. Following the completion of the sale, the president now owns 110,426 shares in the company, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CLS shares. Stifel Nicolaus started coverage on Celestica in a report on Tuesday, February 4th. They set a “buy” rating and a $140.00 price objective on the stock. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada upped their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays boosted their price objective on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, TD Securities raised their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $104.91.

Celestica Trading Up 0.2 %

NYSE CLS opened at $132.31 on Wednesday. The company has a fifty day simple moving average of $107.98 and a two-hundred day simple moving average of $78.37. The stock has a market cap of $15.40 billion, a P/E ratio of 35.38 and a beta of 2.27. Celestica Inc. has a 12-month low of $36.11 and a 12-month high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

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.