Calamos Advisors LLC Buys 11,390 Shares of Celestica Inc. (NYSE:CLS)

Calamos Advisors LLC grew its stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 152.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,852 shares of the technology company’s stock after buying an additional 11,390 shares during the period. Calamos Advisors LLC’s holdings in Celestica were worth $1,740,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CLS. Creative Planning grew its position in shares of Celestica by 4.7% during the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after purchasing an additional 336 shares in the last quarter. Truist Financial Corp grew its position in Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after buying an additional 214 shares in the last quarter. Cetera Investment Advisers increased its stake in Celestica by 119.5% in the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock worth $1,504,000 after acquiring an additional 14,305 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of Celestica in the 2nd quarter valued at about $2,140,000. Finally, Park Avenue Securities LLC bought a new stake in shares of Celestica during the 3rd quarter valued at about $734,000. 67.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CLS has been the topic of a number of recent analyst reports. BMO Capital Markets raised their target price on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Canaccord Genuity Group lifted their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, Stifel Nicolaus assumed coverage on shares of Celestica in a report on Tuesday. They set a “buy” rating and a $140.00 target price on the stock. Two 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $103.27.

Celestica Stock Up 9.4 %

Shares of NYSE CLS opened at $132.19 on Wednesday. The firm has a fifty day simple moving average of $100.10 and a two-hundred day simple moving average of $73.34. The firm has a market capitalization of $15.38 billion, a PE ratio of 35.34 and a beta of 2.27. 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 $35.56 and a 12 month high of $133.66.

Insider Buying and Selling

In other news, President Todd C. Cooper sold 9,538 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the transaction, the president now owns 175,426 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 105,790 shares of company stock valued at $12,772,207 over the last three months. Corporate insiders own 1.00% of the company’s stock.

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.