Blue Trust Inc. Lowers Stock Position in Celestica Inc. (NYSE:CLS)

Blue Trust Inc. cut its position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 85.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,069 shares of the technology company's stock after selling 12,364 shares during the period. Blue Trust Inc.'s holdings in Celestica were worth $191,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Whale Rock Capital Management LLC boosted its holdings in shares of Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company's stock worth $432,846,000 after buying an additional 975,163 shares during the period. Vaughan Nelson Investment Management L.P. bought a new stake in Celestica in the 3rd quarter valued at about $61,210,000. Point72 Asset Management L.P. boosted its holdings in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock valued at $55,451,000 after purchasing an additional 301,563 shares during the period. Westfield Capital Management Co. LP boosted its holdings in Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company's stock valued at $27,413,000 after purchasing an additional 109,972 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd boosted its holdings in Celestica by 53.8% in the 3rd quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company's stock valued at $26,799,000 after purchasing an additional 183,300 shares during the period. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. CIBC raised shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Royal Bank of Canada boosted their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. initiated coverage on shares of Celestica in a research report on Friday. They issued an "overweight" rating and a $166.00 target price for the company. TD Securities boosted their target price on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a research report on Tuesday, January 28th. Finally, Barclays boosted their target price on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Trading Down 4.5 %

Shares of NYSE:CLS traded down $5.61 during trading on Friday, reaching $119.41. The stock had a trading volume of 4,461,770 shares, compared to its average volume of 6,058,214. The stock has a market cap of $13.89 billion, a price-to-earnings ratio of 31.93 and a beta of 2.27. Celestica Inc. has a 52 week low of $38.80 and a 52 week high of $144.27. The firm's fifty day moving average is $110.78 and its 200 day moving average is $80.16. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Buying and Selling

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

About Celestica

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.