2,051 Shares in Celestica Inc. (NYSE:CLS) Purchased by Spire Wealth Management

Spire Wealth Management bought a new position in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 2,051 shares of the technology company's stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Optimum Investment Advisors lifted its holdings in 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 buying an additional 200 shares during the period. Financial Management Professionals Inc. bought a new stake in shares of Celestica during the third quarter valued at approximately $30,000. UMB Bank n.a. bought a new stake in shares of Celestica during the 3rd quarter valued at $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 acquiring an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC purchased a new stake in shares of Celestica in the 3rd quarter worth approximately $51,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. This trade represents a 14.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Todd C. Cooper sold 65,000 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $14,331,086.28. This trade represents a 37.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,381 shares of company stock valued at $119,142,019. Corporate insiders own 1.00% of the company's stock.

Celestica Price Performance

Shares of CLS stock traded down $3.61 on Tuesday, hitting $126.62. 2,680,766 shares of the stock traded hands, compared to its average volume of 5,111,948. The firm has a 50 day simple moving average of $104.85 and a two-hundred day simple moving average of $76.10. Celestica Inc. has a 52 week low of $36.00 and a 52 week high of $144.27. The firm has a market cap of $14.73 billion, a price-to-earnings ratio of 33.86 and a beta of 2.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on CLS. UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target for the company. Canaccord Genuity Group lifted their target price on shares of Celestica from $77.00 to $110.00 and gave the stock a "buy" rating in a report on Friday, December 20th. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the company a "buy" rating in a report on Tuesday, January 28th. Stifel Nicolaus began coverage on shares of Celestica in a report on Tuesday, February 4th. They issued a "buy" rating and a $140.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on Celestica from $64.00 to $72.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $103.27.

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.