Vaughan Nelson Investment Management L.P. Sells 69,295 Shares of Celestica Inc. (NYSE:CLS)

Vaughan Nelson Investment Management L.P. lessened its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 5.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,128,080 shares of the technology company’s stock after selling 69,295 shares during the period. Celestica comprises about 1.0% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 29th biggest position. Vaughan Nelson Investment Management L.P. owned 0.97% of Celestica worth $104,122,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CLS. Optimum Investment Advisors increased its position in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares during the period. Financial Management Professionals Inc. bought a new stake in Celestica during the third quarter valued at $30,000. UMB Bank n.a. acquired a new stake in Celestica during the 3rd quarter worth about $34,000. Private Trust Co. NA raised its position in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after acquiring an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new position in shares of Celestica in the 3rd quarter valued at about $51,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CLS shares. BMO Capital Markets boosted their price target 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 increased their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday, October 24th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Friday, January 31st. Barclays increased their price objective on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a research report on Thursday, January 30th. Finally, Canaccord Genuity Group upped their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Two 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 company. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 52,588 shares of the firm’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at $67,776,924.18. This trade represents a 9.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Mandeep Chawla sold 9,483 shares of the business’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the sale, the chief financial officer now owns 90,771 shares in the company, valued at approximately $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 894,381 shares of company stock valued at $110,706,319. Company insiders own 1.00% of the company’s stock.

Celestica Stock Down 2.6 %

CLS opened at $129.74 on Friday. Celestica Inc. has a twelve month low of $36.00 and a twelve month high of $144.27. The company’s 50-day moving average price is $103.20 and its two-hundred day moving average price is $74.75. The stock has a market cap of $15.10 billion, a price-to-earnings ratio of 34.69 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

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.