2,852 Shares in Celestica Inc. (NYSE:CLS) Acquired by Modern Wealth Management LLC

Modern Wealth Management LLC bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,852 shares of the technology company’s stock, valued at approximately $263,000.

Several other institutional investors also recently bought and sold shares of the company. Cornerstone Wealth Management LLC purchased a new position in Celestica in the fourth quarter valued at $385,000. Raymond James Financial Inc. acquired a new stake in Celestica in the 4th quarter valued at about $47,685,000. Schechter Investment Advisors LLC acquired a new stake in Celestica in the 4th quarter valued at about $294,000. XTX Topco Ltd purchased a new position in shares of Celestica in the 3rd quarter valued at about $1,580,000. Finally, Fruth Investment Management acquired a new position in shares of Celestica during the fourth quarter worth about $286,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. TD Securities boosted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. started coverage on Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 price target on the stock. Finally, Stifel Nicolaus upped their price objective on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $110.83.

Celestica Trading Down 2.2 %

CLS opened at $82.56 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The business’s 50 day moving average is $108.09 and its two-hundred day moving average is $87.76. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21.

Insider Activity

In related news, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction dated 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 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 transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $2,468,250.00. Following the sale, the director now directly owns 1,784 shares of the company’s stock, valued at approximately $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. 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.