EverSource Wealth Advisors LLC Lowers Position in Celestica Inc. (NYSE:CLS)

EverSource Wealth Advisors LLC lowered its holdings in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 84.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 556 shares of the technology company's stock after selling 2,975 shares during the period. EverSource Wealth Advisors LLC's holdings in Celestica were worth $51,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CLS. Cornerstone Wealth Management LLC acquired a new stake in shares of Celestica in the 4th quarter worth $385,000. Quantbot Technologies LP lifted its stake in shares of Celestica by 120.9% in the 3rd quarter. Quantbot Technologies LP now owns 103,660 shares of the technology company's stock worth $5,299,000 after acquiring an additional 56,732 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of Celestica in the 4th quarter worth $47,685,000. Schechter Investment Advisors LLC acquired a new stake in shares of Celestica in the 4th quarter worth $294,000. Finally, Advisors Asset Management Inc. lifted its stake in shares of Celestica by 61.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 32,901 shares of the technology company's stock worth $1,682,000 after acquiring an additional 12,584 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

CLS traded up $0.44 during midday trading on Friday, reaching $96.09. 2,891,599 shares of the company's stock were exchanged, compared to its average volume of 2,738,899. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The stock has a market capitalization of $11.18 billion, a PE ratio of 25.69 and a beta of 2.21. The business's 50-day moving average price is $109.74 and its 200 day moving average price is $86.44. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

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Analysts Set New Price Targets

CLS has been the subject of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Celestica from $140.00 to $150.00 and gave the stock a "buy" rating in a research note on Wednesday, February 19th. Canaccord Genuity Group raised their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research note on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of Celestica from $115.00 to $140.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 31st. Finally, Barclays raised their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an "overweight" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $110.83.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the business's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares of the company's stock, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now directly owns 110,426 shares of the company's stock, valued at approximately $14,331,086.28. This represents a 37.05 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company's stock.

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.