Kestra Private Wealth Services LLC Purchases 2,219 Shares of Celestica Inc. (NYSE:CLS)

Kestra Private Wealth Services LLC grew its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 13,290 shares of the technology company’s stock after buying an additional 2,219 shares during the period. Kestra Private Wealth Services LLC’s holdings in Celestica were worth $1,227,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of CLS. Vaughan Nelson Investment Management L.P. bought a new position in Celestica in the 3rd quarter worth approximately $61,210,000. Whale Rock Capital Management LLC boosted its holdings in shares of Celestica by 13.0% in the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after acquiring an additional 975,163 shares during the period. Point72 Asset Management L.P. grew its position in shares of Celestica by 38.5% in 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 in the last quarter. Natixis Advisors LLC raised its stake in shares of Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after purchasing an additional 220,494 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd lifted its holdings in Celestica by 53.8% during 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 purchasing an additional 183,300 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Celestica Price Performance

CLS stock opened at $129.50 on Thursday. The firm has a market cap of $15.07 billion, a P/E ratio of 34.63 and a beta of 2.27. The firm’s fifty day moving average is $105.64 and its 200 day moving average is $76.47. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BMO Capital Markets raised their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a report on Friday, January 31st. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus assumed coverage on shares of Celestica in a research note on Tuesday, February 4th. They issued a “buy” rating and a $140.00 price target for the company. Finally, Canaccord Genuity Group raised their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Celestica has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Insider Activity

In related news, CEO Robert Mionis sold 52,588 shares of Celestica stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the transaction, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at $67,776,924.18. The trade was a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the sale, the insider now owns 83,179 shares of the company’s stock, valued at $10,608,649.66. This represents a 9.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 959,381 shares of company stock valued at $119,142,019. 1.00% of the stock is currently owned by insiders.

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.