Seven Mile Advisory Purchases Shares of 2,189 Celestica Inc. (NYSE:CLS)

Seven Mile Advisory bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,189 shares of the technology company’s stock, valued at approximately $202,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica during the 4th quarter valued at about $385,000. Raymond James Financial Inc. acquired a new position in shares of Celestica during the 4th quarter worth approximately $47,685,000. Schechter Investment Advisors LLC purchased a new position in shares of Celestica during the 4th quarter valued at approximately $294,000. XTX Topco Ltd acquired a new stake in Celestica in the 3rd quarter valued at $1,580,000. Finally, Fruth Investment Management purchased a new stake in Celestica in the 4th quarter worth $286,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CLS. Canaccord Genuity Group lifted their target price 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. Stifel Nicolaus increased their target price on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a report on Wednesday, February 19th. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. TD Securities lifted their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday, January 28th. Finally, CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research report on Friday, January 31st. Two 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling at Celestica

In other Celestica news, insider Yann L. Etienvre sold 83,179 shares of Celestica stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $10,171,128.12. Following the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at $1,127,910.72. The trade was a 90.02 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares of the company’s stock, valued at $176,134.32. This represents a 93.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock worth $119,142,019 over the last 90 days. Insiders own 1.00% of the company’s stock.

Celestica Price Performance

Shares of NYSE:CLS opened at $82.56 on Monday. The firm has a market cap of $9.57 billion, a price-to-earnings ratio of 22.07 and a beta of 2.21. 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 1 year low of $40.25 and a 1 year high of $144.27. The business has a fifty day simple moving average of $108.09 and a 200 day simple moving average of $88.07.

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.