Celestica, Inc. $CLS Shares Bought by Spire Wealth Management

Spire Wealth Management grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 354.3% during the 4th quarter, Holdings Channel reports. The fund owned 5,979 shares of the technology company’s stock after acquiring an additional 4,663 shares during the period. Spire Wealth Management’s holdings in Celestica were worth $1,767,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Celestica by 471.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock worth $775,133,000 after purchasing an additional 2,596,318 shares in the last quarter. Viking Global Investors LP purchased a new position in Celestica in the 3rd quarter valued at about $424,459,000. Norges Bank acquired a new stake in shares of Celestica during the 2nd quarter worth about $236,069,000. SRS Investment Management LLC acquired a new stake in shares of Celestica during the 2nd quarter worth about $135,289,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Celestica by 6,788.2% during the third quarter. BNP Paribas Financial Markets now owns 438,777 shares of the technology company’s stock worth $108,106,000 after buying an additional 432,407 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Wolfe Research raised shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Aletheia Capital lifted their target price on shares of Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an “outperform” rating and set a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. Finally, TD Cowen restated a “hold” rating on shares of Celestica in a report on Friday, January 30th. Two equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $354.24.

Celestica Trading Down 8.3%

Shares of CLS opened at $257.00 on Tuesday. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market capitalization of $29.55 billion, a P/E ratio of 35.79 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $286.43 and its 200 day simple moving average is $292.07.

Insiders Place Their Bets

In other 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 value of $301,938.15. Following the transaction, 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Yann L. Etienvre sold 1,145 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total value of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 297,923 shares of company stock worth $88,027,459 over the last three months. 0.52% of the stock is owned by insiders.

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.