Measured Wealth Private Client Group LLC Sells 1,534 Shares of Celestica Inc. (NYSE:CLS)

Measured Wealth Private Client Group LLC lowered its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,792 shares of the technology company’s stock after selling 1,534 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Celestica were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CLS. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the fourth quarter valued at approximately $385,000. Quantbot Technologies LP raised its holdings in Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company’s stock valued at $5,299,000 after acquiring an additional 56,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica during the 3rd quarter valued at $61,210,000. Sigma Planning Corp acquired a new stake in shares of Celestica during the 3rd quarter worth $420,000. Finally, Advisors Asset Management Inc. increased its position in shares of Celestica by 61.9% in the third quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company’s stock worth $1,682,000 after purchasing an additional 12,584 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of several recent analyst reports. TD Securities upped their price objective on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. BMO Capital Markets upped their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research report on Friday, January 31st. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price objective for the company. Finally, TD Cowen raised their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and an average target price of $103.27.

Celestica Trading Down 7.2 %

NYSE CLS opened at $133.27 on Friday. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27. Celestica Inc. has a twelve month low of $36.00 and a twelve month high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business’s fifty day moving average is $101.31 and its 200 day moving average is $73.83.

Insider Activity

In related news, CEO Robert Mionis sold 75,000 shares of the stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the sale, the chief executive officer now directly owns 456,417 shares in the company, valued at $64,487,157.93. This represents a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Alok K. Agrawal sold 6,826 shares of the firm’s 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 transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 894,381 shares of company stock valued at $110,706,319. 1.00% of the stock is currently owned by corporate insiders.

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.