Stonehaven Wealth & Tax Solutions LLC Buys Shares of 2,314 Celestica Inc. (NYSE:CLS)

Stonehaven Wealth & Tax Solutions LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,314 shares of the technology company’s stock, valued at approximately $214,000.

Several other institutional investors also recently modified their holdings of CLS. FMR LLC boosted its stake in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company’s stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares in the last quarter. FIL Ltd raised its holdings in Celestica by 5,976.1% in the 4th quarter. FIL Ltd now owns 3,463,729 shares of the technology company’s stock valued at $319,662,000 after buying an additional 3,406,723 shares during the last quarter. Norges Bank acquired a new stake in Celestica during the 4th quarter worth approximately $139,008,000. Arrowstreet Capital Limited Partnership grew its holdings in Celestica by 64.6% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company’s stock worth $329,460,000 after acquiring an additional 1,401,877 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in Celestica by 290.4% during the 4th quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company’s stock worth $99,735,000 after acquiring an additional 803,780 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Price Performance

Shares of CLS opened at $82.58 on Wednesday. The firm has a market cap of $9.58 billion, a PE ratio of 22.08 and a beta of 2.09. Celestica Inc. has a 52-week low of $40.25 and a 52-week high of $144.27. The business’s 50 day moving average price is $97.45 and its two-hundred day moving average price is $90.55. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Transactions at Celestica

In other news, insider Yann L. Etienvre sold 9,181 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 934,381 shares of company stock valued at $116,673,769 in the last quarter. 1.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CLS has been the subject of several analyst reports. Barclays raised their price target on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. CIBC lowered their target price on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday. Stifel Nicolaus upped their price target on Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research report on Wednesday, February 19th. Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Finally, JPMorgan Chase & Co. started coverage on Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective on the stock. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $108.33.

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.