Westover Capital Advisors LLC Sells 802 Shares of Celestica Inc. (NYSE:CLS)

Westover Capital Advisors LLC reduced its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,774 shares of the technology company’s stock after selling 802 shares during the quarter. Celestica makes up about 0.8% of Westover Capital Advisors LLC’s portfolio, making the stock its 29th largest position. Westover Capital Advisors LLC’s holdings in Celestica were worth $3,671,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CLS. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the 4th quarter valued at $30,000. Private Trust Co. NA boosted its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. R Squared Ltd bought a new stake in shares of Celestica in the 4th quarter valued at $51,000. IFP Advisors Inc boosted its stake in shares of 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 purchasing an additional 368 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Celestica by 43.6% in 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. 67.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CLS has been the topic of several research analyst reports. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Canaccord Genuity Group increased their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. Finally, Barclays increased their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Two 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Stock Performance

CLS opened at $92.72 on Tuesday. The company’s fifty day moving average price is $112.09 and its two-hundred day moving average price is $82.73. The company has a market cap of $10.79 billion, a price-to-earnings ratio of 24.79 and a beta of 2.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

Insider Activity

In other news, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the completion of the sale, the insider now owns 83,179 shares in the company, valued at $10,608,649.66. This represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Wilson sold 25,000 shares of the 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 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 position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. Insiders own 1.00% of the company’s stock.

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.