3,026 Shares in Celestica, Inc. $CLS Acquired by Wealthedge Investment Advisors LLC

Wealthedge Investment Advisors LLC purchased a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,026 shares of the technology company’s stock, valued at approximately $746,000.

Other hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in shares of Celestica by 102.5% during the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its stake in Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after acquiring an additional 37 shares in the last quarter. First Horizon Corp acquired a new stake in Celestica during the 3rd quarter worth $31,000. Twin Peaks Wealth Advisors LLC purchased a new stake in Celestica in the second quarter valued at $40,000. Finally, Avion Wealth acquired a new position in Celestica in the third quarter valued at $40,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup dropped their price objective on Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a report on Friday, January 30th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a research note on Friday, January 23rd. TD Securities boosted their price objective on Celestica from $305.00 to $330.00 and gave the company a “hold” rating in a research note on Friday, January 30th. TD Cowen reissued a “hold” rating on shares of Celestica in a report on Friday, January 30th. Finally, Aletheia Capital lifted their target price on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and an average price target of $356.59.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president directly owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 297,923 shares of company stock worth $88,027,459 over the last three months. 0.52% of the stock is currently owned by corporate insiders.

Celestica Price Performance

Shares of NYSE:CLS opened at $277.43 on Friday. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37. The company has a market cap of $31.92 billion, a P/E ratio of 38.64 and a beta of 1.86. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The company has a 50-day moving average price of $300.32 and a 200 day moving average price of $281.63.

Celestica Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.