WCM Investment Management LLC Sells 184,768 Shares of Celestica, Inc. $CLS

WCM Investment Management LLC trimmed its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 20.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 709,223 shares of the technology company’s stock after selling 184,768 shares during the quarter. WCM Investment Management LLC owned 0.62% of Celestica worth $174,433,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Golden State Wealth Management LLC lifted its holdings in shares of Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after acquiring an additional 83 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the last quarter. First Horizon Corp acquired a new position in Celestica in the third quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Celestica in the second quarter valued at $40,000. Finally, Avion Wealth bought a new position in shares of Celestica in the third quarter valued at about $40,000. 67.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CLS has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating and issued a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Barclays raised their target price on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $295.00 to $360.00 and gave the stock an “overweight” rating in a report on Wednesday, October 29th. Bank of America began coverage on Celestica in a research note on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target on the stock. Finally, TD Securities increased their target price on shares of Celestica from $305.00 to $330.00 and gave the stock a “hold” rating in a report on Friday. Fifteen investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $356.59.

Celestica Price Performance

Shares of CLS opened at $285.18 on Tuesday. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $310.36 and its 200 day simple moving average is $268.93. The company has a market cap of $32.81 billion, a price-to-earnings ratio of 39.72 and a beta of 1.86. Celestica, Inc. has a 1-year low of $58.05 and a 1-year high of $363.40.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.