Whittier Trust Co. Has $1.11 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. grew its holdings in Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock valued at $1,682,000 after buying an additional 12,584 shares in the last quarter. Cerity Partners LLC boosted its stake in Celestica by 3.2% during the third quarter. Cerity Partners LLC now owns 10,772 shares of the technology company's stock worth $551,000 after acquiring an additional 338 shares in the last quarter. Larson Financial Group LLC bought a new stake in shares of Celestica during the third quarter valued at approximately $204,000. Westfield Capital Management Co. LP lifted its holdings in shares of Celestica by 25.8% in the third 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 in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Celestica in the 3rd quarter worth $1,635,000. Institutional investors and hedge funds own 67.38% of the company's stock.

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Celestica Price Performance

Shares of Celestica stock traded down $3.05 during trading on Thursday, reaching $84.61. The company's stock had a trading volume of 4,152,672 shares, compared to its average volume of 2,771,747. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The company has a market capitalization of $9.81 billion, a P/E ratio of 22.62 and a beta of 2.21. The business has a 50 day moving average price of $109.61 and a 200-day moving average price of $87.50. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Insider Buying and Selling at Celestica

In other Celestica news, CEO Robert Mionis sold 441,325 shares of Celestica stock in a transaction dated 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 transaction, the chief executive officer now owns 531,417 shares of the company's stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through 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 value of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, 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 have sold a total of 959,381 shares of company stock worth $119,142,019 in the last quarter. 1.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CLS. Barclays raised their price objective 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. Royal Bank of Canada raised their price target on Celestica from $115.00 to $140.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a report on Tuesday, January 28th. CIBC upgraded 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. Finally, Stifel Nicolaus lifted their price objective on Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $110.83.

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.