Kestra Private Wealth Services LLC Purchases 2,219 Shares of Celestica Inc. (NYSE:CLS)

Kestra Private Wealth Services LLC lifted its stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 20.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,290 shares of the technology company's stock after acquiring an additional 2,219 shares during the period. Kestra Private Wealth Services LLC's holdings in Celestica were worth $1,227,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optimum Investment Advisors grew its stake in shares of Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock worth $26,000 after acquiring an additional 200 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in Celestica during the third quarter worth $30,000. UMB Bank n.a. acquired a new stake in Celestica during the third quarter worth $34,000. Private Trust Co. NA boosted its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after buying an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC acquired a new stake in Celestica during the third quarter worth $51,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CLS. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the stock an "outperform" rating in a research note on Thursday, October 24th. CIBC upgraded shares of Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 price target on the stock 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. TD Securities lifted their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a "buy" rating in a research note on Tuesday, January 28th. Finally, UBS Group began coverage on Celestica in a report on Friday, November 22nd. They set a "neutral" rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.91.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of the business's stock in a transaction dated Friday, January 31st. The stock was sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now directly owns 83,179 shares of the company's stock, valued at approximately $10,608,649.66. The trade was a 9.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 65,000 shares of the business's stock in a transaction dated Friday, February 7th. The stock was sold at an average price of $129.78, for a total value of $8,435,700.00. Following the sale, the president now directly owns 110,426 shares of the company's stock, valued at $14,331,086.28. This represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 959,381 shares of company stock valued at $119,142,019 over the last ninety days. 1.00% of the stock is owned by insiders.

Celestica Price Performance

Shares of Celestica stock traded up $2.38 during trading on Friday, reaching $132.16. The company's stock had a trading volume of 2,707,072 shares, compared to its average volume of 5,877,522. The stock has a 50-day moving average price of $107.15 and a two-hundred day moving average price of $77.79. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a one year low of $36.11 and a one year high of $144.27. The stock has a market capitalization of $15.38 billion, a P/E ratio of 35.34 and a beta of 2.27.

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.