Blue Trust Inc. Sells 12,364 Shares of Celestica Inc. (NYSE:CLS)

Blue Trust Inc. cut its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 85.7% in the 4th quarter, according to its most recent disclosure 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.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Financial Management Professionals Inc. bought a new stake in Celestica during the third quarter worth $30,000. Private Trust Co. NA lifted its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the last quarter. Global Trust Asset Management LLC bought a new stake in Celestica during the third quarter worth $51,000. R Squared Ltd bought a new stake in Celestica during the fourth quarter worth $51,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock worth $67,000 after purchasing an additional 275 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Performance

NYSE CLS opened at $131.73 on Thursday. The company has a market capitalization of $15.33 billion, a price-to-earnings ratio of 35.22 and a beta of 2.27. Celestica Inc. has a twelve month low of $36.11 and a twelve month high of $144.27. The stock has a fifty day simple moving average of $109.70 and a 200 day simple moving average of $79.34. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CLS. TD Cowen increased their price target on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.82.

Insiders Place Their Bets

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares in the company, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the sale, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock worth $119,142,019. Company insiders own 1.00% of the company’s stock.

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.