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, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,290 shares of the technology company’s stock after acquiring 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 SEC filing.

Several other hedge funds have also recently made changes to their positions in CLS. Optimum Investment Advisors grew its stake in Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after purchasing an additional 200 shares during the period. R Squared Ltd acquired a new stake in shares of Celestica during the 4th quarter worth approximately $51,000. Financial Management Professionals Inc. bought a new stake in shares of Celestica in the 3rd quarter valued at $30,000. UMB Bank n.a. bought a new stake in shares of Celestica in the 3rd quarter valued at $34,000. Finally, Private Trust Co. NA lifted its position in shares of Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after acquiring an additional 720 shares during the period. 67.38% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on CLS shares. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a research note on Friday, January 31st. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Stifel Nicolaus began coverage on Celestica in a report on Tuesday, February 4th. They issued a “buy” rating and a $140.00 price target on the stock. Canaccord Genuity Group raised their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, Royal Bank of Canada upped their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average price target of $103.27.

Celestica Price Performance

Shares of NYSE:CLS opened at $129.50 on Thursday. Celestica Inc. has a 1-year low of $36.00 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 market cap of $15.07 billion, a PE ratio of 34.63 and a beta of 2.27. The stock’s fifty day simple moving average is $105.64 and its two-hundred day simple moving average is $76.47.

Insiders Place Their Bets

In other Celestica news, President Todd C. Cooper sold 65,000 shares of the company’s stock in a transaction on Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares in the company, valued at $14,331,086.28. This represents a 37.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company’s stock.

Celestica 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.