Thrivent Financial for Lutherans Sells 101,523 Shares of Celestica Inc. (NYSE:CLS)

Thrivent Financial for Lutherans reduced its stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 64.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,599 shares of the technology company’s stock after selling 101,523 shares during the period. Thrivent Financial for Lutherans’ holdings in Celestica were worth $5,204,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CLS. Whale Rock Capital Management LLC boosted its holdings in Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after buying an additional 975,163 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after acquiring an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in Celestica by 25.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after acquiring an additional 109,972 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Celestica during the fourth quarter valued at approximately $47,685,000. Finally, Alberta Investment Management Corp increased its stake in Celestica by 161.5% in the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock valued at $25,808,000 after purchasing an additional 172,814 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 83,179 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $10,171,128.12. Following the sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,127,910.72. This represents a 90.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, 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

CLS has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective 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. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Barclays increased their target price 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 lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Trading Up 4.1 %

Celestica stock opened at $99.90 on Tuesday. The company has a market cap of $11.58 billion, a price-to-earnings ratio of 26.71 and a beta of 2.21. The firm has a 50-day moving average of $109.73 and a 200-day moving average of $87.11. 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 one year low of $40.25 and a one year high of $144.27.

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.