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

Whittier Trust Co. increased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 53.3% during the fourth quarter, HoldingsChannel reports. The fund owned 12,059 shares of the technology company’s stock after buying an additional 4,192 shares during the quarter. Whittier Trust Co.’s holdings in Celestica were worth $1,113,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Advisors Asset Management Inc. boosted its stake in shares of Celestica by 61.9% during the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock valued at $1,682,000 after purchasing an additional 12,584 shares in the last quarter. Cerity Partners LLC raised its holdings in Celestica by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after buying an additional 338 shares during the last quarter. Larson Financial Group LLC acquired a new stake in Celestica during the 3rd quarter worth approximately $204,000. Westfield Capital Management Co. LP grew its holdings 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. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Celestica in the 3rd quarter valued at approximately $1,635,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 0.5 %

Shares of NYSE CLS opened at $96.09 on Friday. 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 firm has a market cap of $11.18 billion, a PE ratio of 25.69 and a beta of 2.21. The company’s fifty day simple moving average is $109.74 and its 200 day simple moving average is $86.44. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27.

Insider Activity

In related news, CEO Robert Mionis sold 52,588 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total value of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This trade represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 959,381 shares of company stock worth $119,142,019. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CLS. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a report on Friday, January 31st. Barclays lifted their target price on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. JPMorgan Chase & Co. assumed coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price objective for the company. Stifel Nicolaus lifted their price objective 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 raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $110.83.

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.