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

Bradley Foster & Sargent Inc. CT bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, HoldingsChannel reports. The firm bought 15,600 shares of the technology company’s stock, valued at approximately $1,440,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Whale Rock Capital Management LLC lifted its position in 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 valued at $432,846,000 after acquiring an additional 975,163 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Celestica during the third quarter valued at approximately $61,210,000. Point72 Asset Management L.P. lifted its holdings in shares of Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock valued at $55,451,000 after purchasing an additional 301,563 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Celestica by 25.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 536,249 shares of the technology company’s stock worth $27,413,000 after purchasing an additional 109,972 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd grew its stake 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 worth $26,799,000 after buying an additional 183,300 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Down 4.5 %

Shares of CLS stock opened at $119.41 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $38.80 and a 12-month high of $144.27. The stock has a market capitalization of $13.89 billion, a P/E ratio of 31.93 and a beta of 2.27. The firm’s 50 day moving average is $110.78 and its 200 day moving average is $80.39.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Canaccord Genuity Group lifted their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday. They issued an “overweight” rating and a $166.00 price target for the company. Stifel Nicolaus increased their price objective on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday. 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 research note on Friday, January 31st. Finally, Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $110.83.

Insider Activity

In other Celestica news, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This trade represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction dated Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares of the company’s stock, valued at $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 in the last ninety days. 1.00% of the stock is currently owned by company insiders.

About Celestica

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.