Fruth Investment Management Buys Shares of 3,100 Celestica Inc. (NYSE:CLS)

Fruth Investment Management acquired a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,100 shares of the technology company's stock, valued at approximately $286,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Celestica during the third quarter worth $61,210,000. Whale Rock Capital Management LLC grew its position 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. Point72 Asset Management L.P. grew its position in shares of Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company's stock worth $55,451,000 after buying an additional 301,563 shares during the period. Natixis Advisors LLC increased its stake in shares of Celestica by 1,697.3% in the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company's stock valued at $11,936,000 after acquiring an additional 220,494 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd raised its position in shares of 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 acquiring an additional 183,300 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Stock Performance

CLS stock traded down $10.40 during trading hours on Thursday, hitting $133.27. 9,264,426 shares of the stock were exchanged, compared to its average volume of 5,281,489. The company has a 50-day simple moving average of $101.31 and a two-hundred day simple moving average of $73.83. The firm has a market capitalization of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. Celestica Inc. has a 12 month low of $36.00 and a 12 month high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the business'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 transaction, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares in the company, valued at $64,981,670.76. This represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 894,381 shares of company stock valued at $110,706,319 in the last quarter. Company insiders own 1.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Stifel Nicolaus assumed coverage on Celestica in a report on Tuesday. They set a "buy" rating and a $140.00 target price for the company. UBS Group began coverage on Celestica in a report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target on the stock. BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group raised their target price on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Celestica presently has a consensus rating of "Moderate Buy" and an average target price of $103.27.

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.