Mission Wealth Management LP Makes New Investment in Celestica Inc. (NYSE:CLS)

Mission Wealth Management LP acquired a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, HoldingsChannel reports. The firm acquired 16,000 shares of the technology company’s stock, valued at approximately $1,477,000.

A number of other large investors have also modified their holdings of the company. Plato Investment Management Ltd increased its holdings in Celestica by 183.6% in the 4th quarter. Plato Investment Management Ltd now owns 10,454 shares of the technology company’s stock valued at $968,000 after buying an additional 6,768 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Celestica in the 4th quarter valued at $279,000. Jones Financial Companies Lllp grew its position in Celestica by 4.6% in the fourth quarter. Jones Financial Companies Lllp now owns 2,034 shares of the technology company’s stock valued at $188,000 after acquiring an additional 89 shares during the period. Chase Investment Counsel Corp bought a new stake in Celestica in the fourth quarter valued at $660,000. Finally, SVB Wealth LLC bought a new position in shares of Celestica during the fourth quarter valued at $478,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CLS has been the topic of several analyst reports. TD Securities upped their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective on the stock. Royal Bank of Canada lifted their target price on shares of Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. began coverage on Celestica in a research report on Friday, February 21st. They set an “overweight” rating and a $166.00 price target on the stock. Finally, Barclays lifted 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. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $110.83.

Insider Buying and Selling

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,170,944.74. Following the transaction, the insider now directly owns 83,179 shares of the company’s stock, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the sale, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock valued at $119,142,019 over the last ninety days. Insiders own 1.00% of the company’s stock.

Celestica Trading Down 13.4 %

Shares of CLS opened at $92.72 on Tuesday. The firm has a market capitalization of $10.79 billion, a PE ratio of 24.79 and a beta of 2.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 12-month low of $40.25 and a 12-month high of $144.27. The stock’s fifty day simple moving average is $112.09 and its 200-day simple moving average is $82.73.

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.