Grantham Mayo Van Otterloo & Co. LLC Has $34 Million Stock Position in Celestica Inc. (NYSE:CLS)

Grantham Mayo Van Otterloo & Co. LLC lessened its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 36.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 368,442 shares of the technology company’s stock after selling 210,961 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.32% of Celestica worth $33,998,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in CLS. Norges Bank bought a new position in Celestica during the fourth quarter worth $139,008,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock valued at $329,460,000 after purchasing an additional 1,401,877 shares in the last quarter. Franklin Resources Inc. grew its stake in Celestica by 290.4% during the fourth quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company’s stock worth $99,735,000 after purchasing an additional 803,780 shares during the period. Raymond James Financial Inc. acquired a new stake in Celestica during the fourth quarter worth approximately $47,685,000. Finally, Wellington Management Group LLP bought a new stake in Celestica in the fourth quarter worth approximately $26,965,000. Institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was 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 owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 in the last ninety days. 1.00% of the stock is currently owned by insiders.

Celestica Stock Down 4.4 %

Shares of NYSE:CLS opened at $66.12 on Friday. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 17.68 and a beta of 2.09. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The firm has a fifty day moving average price of $103.62 and a two-hundred day moving average price of $88.80. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

CLS has been the topic of several research reports. Canaccord Genuity Group upped their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price target for the company. Barclays lifted their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. Stifel Nicolaus lifted their target price on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Finally, Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two 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. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average 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.