Counterpoint Mutual Funds LLC Acquires Shares of 5,198 Celestica Inc. (NYSE:CLS)

Counterpoint Mutual Funds LLC purchased a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 5,198 shares of the technology company's stock, valued at approximately $480,000.

A number of other hedge funds have also added to or reduced their stakes in CLS. Corient Private Wealth LLC grew its position in Celestica by 8.7% in the fourth quarter. Corient Private Wealth LLC now owns 8,150 shares of the technology company's stock valued at $752,000 after acquiring an additional 650 shares during the last quarter. RPg Family Wealth Advisory LLC bought a new stake in shares of Celestica during the 4th quarter valued at approximately $2,133,000. Commonwealth Equity Services LLC increased its position in Celestica by 90.9% during the 4th quarter. Commonwealth Equity Services LLC now owns 37,723 shares of the technology company's stock worth $3,482,000 after purchasing an additional 17,958 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Celestica by 17.7% during the 4th quarter. Avantax Advisory Services Inc. now owns 13,283 shares of the technology company's stock worth $1,226,000 after purchasing an additional 1,995 shares in the last quarter. Finally, Truvestments Capital LLC lifted its stake in Celestica by 11.6% in the 4th quarter. Truvestments Capital LLC now owns 22,370 shares of the technology company's stock valued at $2,065,000 after purchasing an additional 2,323 shares during the last quarter. 67.38% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other news, Director Michael Wilson sold 25,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. This represents a 93.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Todd C. Cooper sold 9,538 shares of the business's stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,216,476.52. Following the completion of the sale, the president now directly owns 175,426 shares of the company's stock, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 959,381 shares of company stock valued at $119,142,019 over the last ninety days. 1.00% of the stock is owned by corporate insiders.

Celestica Trading Up 0.5 %

Shares of NYSE:CLS traded up $0.44 during midday trading on Friday, reaching $96.09. The company's stock had a trading volume of 2,885,259 shares, compared to its average volume of 4,900,741. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a 50 day moving average price of $109.89 and a two-hundred day moving average price of $85.85. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 25.69 and a beta of 2.21.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barclays upped their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an "overweight" rating in a report on Thursday, February 13th. JPMorgan Chase & Co. initiated coverage on Celestica in a research note on Friday, February 21st. They set an "overweight" rating and a $166.00 price target on the stock. UBS Group began coverage on Celestica in a research note on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price objective for the company. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price objective for the company in a report on Friday, January 31st. Finally, Cibc World Mkts raised shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $110.83.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.