First National Bank of Hutchinson Sells 384 Shares of Celestica Inc. (NYSE:CLS)

First National Bank of Hutchinson trimmed its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 7.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 4,794 shares of the technology company’s stock after selling 384 shares during the period. First National Bank of Hutchinson’s holdings in Celestica were worth $442,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at approximately $30,000. R Squared Ltd purchased a new stake in Celestica in the fourth quarter valued at approximately $51,000. IFP Advisors Inc lifted its holdings in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the last quarter. Private Trust Co. NA boosted its holdings in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after acquiring an additional 288 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the business’s stock in a transaction that occurred on 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. This trade represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 959,381 shares of company stock worth $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a report on Friday, January 31st. Barclays upped their target price on shares of Celestica from $139.00 to $157.00 and gave the stock 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 company an “outperform” rating in a report on Friday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Finally, Stifel Nicolaus raised their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, February 19th. Two 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Celestica Price Performance

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

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.