Bradley Foster & Sargent Inc. CT Invests $1.44 Million in Celestica Inc. (NYSE:CLS)

Bradley Foster & Sargent Inc. CT acquired a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 15,600 shares of the technology company’s stock, valued at approximately $1,440,000.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. raised its position in Celestica by 43.6% during the fourth 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 in the last quarter. Peregrine Capital Management LLC bought a new position in shares of Celestica during the 4th quarter valued at about $30,000. Pier Capital LLC raised its holdings in shares of Celestica by 0.4% during the 3rd quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock valued at $4,757,000 after buying an additional 335 shares in the last quarter. Cerity Partners LLC lifted its position in Celestica by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock worth $551,000 after buying an additional 338 shares during the last quarter. Finally, Wolff Wiese Magana LLC lifted its position in Celestica by 47.7% in the 4th quarter. Wolff Wiese Magana LLC now owns 1,100 shares of the technology company’s stock worth $102,000 after buying an additional 355 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Celestica Trading Down 4.5 %

CLS opened at $119.41 on Friday. The firm has a market capitalization of $13.89 billion, a price-to-earnings ratio of 31.93 and a beta of 2.27. Celestica Inc. has a one year low of $38.80 and a one year high of $144.27. The business has a 50 day simple moving average of $110.78 and a two-hundred day simple moving average of $80.39. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Analyst Ratings Changes

CLS has been the topic of several research reports. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Stifel Nicolaus lifted their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Celestica in a research note on Friday. They issued an “overweight” rating and a $166.00 price target for the company. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Two equities research 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 presently has a consensus rating of “Moderate Buy” and an average target price of $110.83.

Insider Activity at Celestica

In other Celestica news, Director Michael Wilson sold 25,000 shares of the business’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 transaction, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares of the company’s stock, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. 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. 1.00% of the stock is owned by corporate insiders.

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.