Celestica, Inc. $CLS Shares Purchased by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. lifted its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,248 shares of the technology company’s stock after buying an additional 3,240 shares during the period. Stratos Wealth Partners LTD. owned approximately 0.06% of Celestica worth $16,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CLS shares. BMO Capital Markets reiterated an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Stifel Nicolaus restated a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. Bank of America started coverage on Celestica in a report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective on the stock. Finally, Citigroup lowered their target price on Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a report on Friday, January 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $356.59.

Insider Buying and Selling at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at $30,894,084.70. The trade was a 0.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $324,618.95. The SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock valued at $88,027,459 in the last quarter. Corporate insiders own 0.52% of the company’s stock.

Celestica Stock Down 6.7%

Shares of NYSE CLS opened at $297.79 on Wednesday. The stock has a market cap of $34.26 billion, a P/E ratio of 41.47 and a beta of 1.86. The business’s fifty day simple moving average is $307.04 and its 200-day simple moving average is $274.63. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

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.