Counterpoint Mutual Funds LLC Purchases Shares of 5,198 Celestica Inc. (NYSE:CLS)

Counterpoint Mutual Funds LLC purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 5,198 shares of the technology company’s stock, valued at approximately $480,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Corient Private Wealth LLC boosted its stake in Celestica by 8.7% during the 4th quarter. Corient Private Wealth LLC now owns 8,150 shares of the technology company’s stock valued at $752,000 after purchasing an additional 650 shares in the last quarter. RPg Family Wealth Advisory LLC bought a new position in Celestica during the 4th quarter valued at $2,133,000. Commonwealth Equity Services LLC boosted its stake in Celestica by 90.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,723 shares of the technology company’s stock valued at $3,482,000 after purchasing an additional 17,958 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in shares of Celestica by 17.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,283 shares of the technology company’s stock valued at $1,226,000 after acquiring an additional 1,995 shares during the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Celestica by 11.6% during the 4th quarter. Truvestments Capital LLC now owns 22,370 shares of the technology company’s stock valued at $2,065,000 after acquiring an additional 2,323 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 441,325 shares of Celestica stock in a transaction 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 completion of the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at approximately $64,981,670.76. This trade represents a 45.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of Celestica stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares of the company’s stock, valued at approximately $14,331,086.28. The trade was a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,381 shares of company stock valued at $119,142,019. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CLS. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Stifel Nicolaus increased their price objective on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Royal Bank of Canada increased their price objective on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Barclays increased their price objective on Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research report on Thursday, February 13th. Finally, TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Celestica Price Performance

CLS opened at $91.67 on Tuesday. The stock has a market cap of $10.67 billion, a price-to-earnings ratio of 24.51 and a beta of 2.21. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $110.59 and a 200 day moving average price of $85.19.

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.