William Blair Investment Management LLC Buys New Shares in Celestica Inc. (NYSE:CLS)

William Blair Investment Management LLC purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 30,308 shares of the technology company’s stock, valued at approximately $2,797,000.

Other hedge funds also recently made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in Celestica in the fourth quarter valued at $30,000. Private Trust Co. NA boosted its position in shares of Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares in the last quarter. R Squared Ltd purchased a new stake in Celestica in the fourth quarter worth $51,000. IFP Advisors Inc grew its holdings in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after purchasing an additional 368 shares during the period. Finally, UMB Bank n.a. increased its position in Celestica by 43.6% during the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after buying an additional 288 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CLS shares. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research note on Friday, January 31st. Stifel Nicolaus lifted their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. Barclays upped their price target on Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada lifted their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average target price of $110.83.

Insider Activity

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction dated 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 in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock worth $119,142,019 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Celestica Stock Up 5.3 %

Shares of NYSE CLS opened at $92.09 on Thursday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average of $110.24 and a 200 day moving average of $85.74. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The stock has a market cap of $10.72 billion, a PE ratio of 24.62 and a beta of 2.21.

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.