Expressive Wealth LLC bought a new stake in Celestica, Inc. (NYSE:CLS – Free Report) (TSE:CLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,784 shares of the technology company’s stock, valued at approximately $527,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in Celestica in the fourth quarter worth about $30,000. Atlantic Edge Private Wealth Management LLC acquired a new position in shares of Celestica during the 4th quarter worth about $38,000. Park Square Financial Group LLC grew its position in shares of Celestica by 36.3% during the 4th quarter. Park Square Financial Group LLC now owns 154 shares of the technology company’s stock worth $46,000 after buying an additional 41 shares during the period. Fifth Third Bancorp grew its position in shares of Celestica by 48.7% during the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock worth $42,000 after buying an additional 56 shares during the period. Finally, Bartlett & CO. Wealth Management LLC acquired a new position in shares of Celestica during the 4th quarter worth about $52,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.
Celestica Stock Up 1.1%
CLS stock opened at $371.25 on Wednesday. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $42.68 billion, a PE ratio of 44.89, a PEG ratio of 0.85 and a beta of 2.09. Celestica, Inc. has a 1-year low of $110.54 and a 1-year high of $435.00. The business’s 50 day simple moving average is $345.30 and its 200 day simple moving average is $317.19.
Insider Buying and Selling at Celestica
In other Celestica news, Director Michael Max Wilson sold 4,168 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $333.31, for a total value of $1,389,236.08. Following the transaction, the director directly owned 24,718 shares of the company’s stock, valued at $8,238,756.58. This represents a 14.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 1.10% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on Celestica from $460.00 to $510.00 and gave the stock a “positive” rating in a research report on Wednesday, April 29th. Wolfe Research upgraded Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Weiss Ratings upgraded Celestica from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, May 4th. BMO Capital Markets boosted their target price on Celestica from $370.00 to $450.00 and gave the company an “outperform” rating in a research note on Friday, April 24th. Finally, TD boosted their target price on Celestica from $330.00 to $350.00 and gave the company a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $427.42.
Get Our Latest Stock Report on CLS
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.
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