American Century Companies Inc. Purchases 30,851 Shares of Celestica Inc. (NYSE:CLS)

American Century Companies Inc. boosted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 16.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 219,062 shares of the technology company’s stock after purchasing an additional 30,851 shares during the period. American Century Companies Inc. owned about 0.19% of Celestica worth $20,217,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Independent Advisor Alliance grew its holdings in shares of Celestica by 0.3% in the fourth quarter. Independent Advisor Alliance now owns 29,588 shares of the technology company’s stock valued at $2,731,000 after acquiring an additional 79 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock worth $188,000 after purchasing an additional 89 shares during the last quarter. UMB Bank n.a. grew its stake in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after purchasing an additional 288 shares during the period. Peregrine Capital Management LLC purchased a new stake in shares of Celestica during the 4th quarter valued at $30,000. Finally, Pier Capital LLC raised its stake in shares of Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after purchasing an additional 335 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Trading Down 2.2 %

Shares of Celestica stock opened at $82.56 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The firm has a market cap of $9.57 billion, a PE ratio of 22.07 and a beta of 2.21. The company has a 50 day simple moving average of $108.09 and a two-hundred day simple moving average of $88.07.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction dated 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 approximately $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last 90 days. 1.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CLS. Barclays increased their price target on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. assumed coverage on Celestica in a report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $110.83.

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.