SteelPeak Wealth LLC Takes Position in Celestica Inc. (NYSE:CLS)

SteelPeak Wealth LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 9,537 shares of the technology company's stock, valued at approximately $880,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Optimum Investment Advisors raised its holdings in Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company's stock valued at $26,000 after buying an additional 200 shares during the last quarter. Truist Financial Corp boosted its stake in shares of Celestica by 2.0% during the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company's stock valued at $631,000 after purchasing an additional 214 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its position in shares of Celestica by 26.6% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company's stock valued at $67,000 after buying an additional 275 shares during the period. UMB Bank n.a. raised its stake in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock worth $88,000 after buying an additional 288 shares in the last quarter. Finally, Pier Capital LLC grew its stake in Celestica by 0.4% in the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company's stock worth $4,757,000 after purchasing an additional 335 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Celestica

In related news, Director Michael Wilson sold 25,000 shares of Celestica 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 completion of the sale, the director now owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

CLS has been the subject of several recent research reports. TD Cowen lifted their target price on shares of Celestica from $68.00 to $70.00 and gave the company a "buy" rating in a report on Thursday, October 24th. Stifel Nicolaus lifted their target price on shares of Celestica from $70.00 to $100.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. UBS Group initiated coverage on Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 target price for the company. Barclays lifted their price objective on Celestica from $91.00 to $139.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Canaccord Genuity Group boosted their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a research report on Friday, December 20th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $89.18.

Celestica Price Performance

Shares of Celestica stock traded up $13.62 during trading hours on Thursday, reaching $114.11. The company's stock had a trading volume of 9,736,260 shares, compared to its average volume of 4,389,982. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $32.80 and a one year high of $131.23. The firm has a 50 day moving average price of $97.35 and a 200-day moving average price of $71.46. The stock has a market cap of $13.28 billion, a P/E ratio of 36.22 and a beta of 2.25.

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.