Adero Partners LLC Buys Shares of 2,245 Celestica Inc. (NYSE:CLS)

Adero Partners LLC bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 2,245 shares of the technology company’s stock, valued at approximately $207,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fruth Investment Management bought a new stake in shares of Celestica during the 4th quarter valued at $286,000. Choreo LLC bought a new stake in shares of Celestica during the 4th quarter valued at $352,000. Stratos Wealth Partners LTD. raised its position in shares of Celestica by 22.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 47,080 shares of the technology company’s stock valued at $4,346,000 after acquiring an additional 8,487 shares during the last quarter. Calamos Advisors LLC increased its position in shares of Celestica by 152.6% in the 4th quarter. Calamos Advisors LLC now owns 18,852 shares of the technology company’s stock valued at $1,740,000 after buying an additional 11,390 shares in the last quarter. Finally, Spire Wealth Management bought a new stake in shares of Celestica in the 4th quarter valued at $189,000. Institutional investors own 67.38% of the company’s stock.

Celestica Trading Down 7.2 %

Celestica stock opened at $133.27 on Friday. The firm has a 50-day moving average of $101.31 and a 200-day moving average of $73.83. Celestica Inc. has a one year low of $36.00 and a one year 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 company has a market cap of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CLS shares. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday. They issued a “buy” rating and a $140.00 price objective for the company. TD Cowen upped their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Royal Bank of Canada upped their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays upped their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Finally, TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Insider Transactions at Celestica

In other news, CEO Robert Mionis sold 75,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now directly owns 456,417 shares in the company, valued at $64,487,157.93. This represents a 14.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 9,538 shares of the stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,216,476.52. Following the transaction, the president now owns 175,426 shares of the company’s stock, valued at approximately $22,373,832.04. This represents a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 894,381 shares of company stock worth $110,706,319 in the last three months. Insiders own 1.00% of the company’s stock.

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.