Whittier Trust Co. Purchases 4,192 Shares of Celestica Inc. (NYSE:CLS)

Whittier Trust Co. boosted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,059 shares of the technology company’s stock after purchasing an additional 4,192 shares during the period. Whittier Trust Co.’s holdings in Celestica were worth $1,113,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at approximately $30,000. Private Trust Co. NA increased its holdings in shares of Celestica by 480.0% during 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 during the last quarter. R Squared Ltd acquired a new position in shares of Celestica during the 4th quarter worth approximately $51,000. IFP Advisors Inc raised its stake in Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after acquiring an additional 368 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Celestica by 43.6% during 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 last quarter. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Up 0.5 %

CLS stock opened at $96.09 on Friday. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The business has a 50-day simple moving average of $109.74 and a 200 day simple moving average of $86.44. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The company has a market cap of $11.18 billion, a PE ratio of 25.69 and a beta of 2.21.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CLS. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Barclays increased their price target on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. assumed coverage on shares of Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Canaccord Genuity Group upped their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus lifted their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by corporate insiders.

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.