Allspring Global Investments Holdings LLC Sells 51,115 Shares of Celestica Inc. (NYSE:CLS)

Allspring Global Investments Holdings LLC lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 32.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. raised its stake in Celestica by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after purchasing an additional 275 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares during the period. Pier Capital LLC raised its stake in shares of Celestica by 0.4% during the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock valued at $4,757,000 after acquiring an additional 335 shares during the last quarter. Cerity Partners LLC increased its holdings in Celestica by 3.2% in the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after purchasing an additional 338 shares during the period. Finally, Wolff Wiese Magana LLC raised its position in shares of Celestica by 47.7% during the fourth quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock worth $102,000 after acquiring an additional 355 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent research reports. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. BMO Capital Markets boosted their price objective on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. TD Cowen upped their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $104.91.

Insider Activity

In related news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert Mionis sold 441,325 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the transaction, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. Insiders own 1.00% of the company’s stock.

Celestica Price Performance

NYSE CLS opened at $132.31 on Wednesday. The company has a 50-day moving average price of $107.98 and a 200-day moving average price of $78.37. Celestica Inc. has a 52 week low of $36.11 and a 52 week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $15.40 billion, a P/E ratio of 35.38 and a beta of 2.27.

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.