U.S. Capital Wealth Advisors LLC Buys New Shares in Celestica, Inc. $CLS

U.S. Capital Wealth Advisors LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 3,319 shares of the technology company’s stock, valued at approximately $981,000.

Several other hedge funds have also made changes to their positions in the stock. Choreo LLC lifted its stake in shares of Celestica by 29.9% in the fourth quarter. Choreo LLC now owns 1,833 shares of the technology company’s stock valued at $549,000 after buying an additional 422 shares during the period. Robeco Institutional Asset Management B.V. lifted its stake in shares of Celestica by 20.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 41,729 shares of the technology company’s stock valued at $12,336,000 after buying an additional 6,960 shares during the period. tru Independence LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $297,000. Apollon Wealth Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $295,000. Finally, Bartlett & CO. Wealth Management LLC bought a new stake in shares of Celestica in the fourth quarter valued at about $52,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

CLS has been the subject of several research reports. Citigroup reduced their target price on shares of Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a research note on Friday, January 30th. Canadian Imperial Bank of Commerce increased their target price on shares of Celestica from $360.00 to $425.00 and gave the company an “outperformer” rating in a research note on Tuesday. Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Aletheia Capital increased their target price on shares of Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Barclays increased their price target on shares of Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and an average price target of $359.00.

Celestica Stock Performance

NYSE CLS opened at $381.06 on Thursday. The firm has a market cap of $43.81 billion, a price-to-earnings ratio of 53.07 and a beta of 1.88. The company has a 50 day moving average of $291.23 and a 200-day moving average of $298.00. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a 1-year low of $77.86 and a 1-year high of $393.00.

Insider Transactions at Celestica

In other news, President Todd C. Cooper sold 1,065 shares of the firm’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 transaction of $301,938.15. Following the completion of the sale, the president owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This trade represents a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the firm’s stock in a transaction that occurred on Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

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.