Steward Partners Investment Advisory LLC Decreases Holdings in Celestica Inc. (NYSE:CLS)

Steward Partners Investment Advisory LLC cut its holdings in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS by 28.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,905 shares of the technology company's stock after selling 6,587 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Celestica were worth $1,560,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CLS. Peregrine Capital Management LLC acquired a new position in shares of Celestica during the fourth quarter worth $30,000. Private Trust Co. NA grew its position in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company's stock worth $44,000 after acquiring an additional 720 shares during the last quarter. R Squared Ltd acquired a new position in Celestica in the 4th quarter worth about $51,000. IFP Advisors Inc raised its position in Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company's stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Celestica by 43.6% during the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company's stock valued at $88,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Stifel Nicolaus upped their price objective on Celestica from $140.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, February 19th. UBS Group initiated coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a "neutral" rating and a $95.00 price target for the company. Cibc World Mkts upgraded shares of Celestica from a "hold" rating to a "strong-buy" rating in a report on Friday, January 31st. Canaccord Genuity Group increased their price objective on Celestica from $77.00 to $110.00 and gave the company a "buy" rating in a report on Friday, December 20th. Finally, CIBC raised Celestica from a "neutral" rating to a "sector outperform" rating and set a $150.00 target price for the company in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $110.83.

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Celestica Stock Down 7.2 %

Shares of NYSE:CLS traded down $6.35 during midday trading on Monday, hitting $81.19. 6,327,533 shares of the company's stock were exchanged, compared to its average volume of 5,124,161. Celestica Inc. has a 12 month low of $40.25 and a 12 month high of $144.27. The company has a market cap of $9.45 billion, a PE ratio of 21.71 and a beta of 2.21. 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 50 day moving average price of $111.23 and a 200-day moving average price of $83.93.

Insider Buying and Selling at Celestica

In other news, CEO Robert Mionis sold 52,588 shares of the stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $6,707,073.52. Following the completion of the sale, the chief executive officer now owns 531,417 shares in the company, valued at $67,776,924.18. This represents a 9.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Mandeep Chawla sold 9,483 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 $1,209,461.82. Following the transaction, the chief financial officer now owns 90,771 shares in the company, valued at approximately $11,576,933.34. This trade represents a 9.46 % 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 worth $119,142,019. Corporate 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.