Celestica, Inc. $CLS Shares Bought by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 68,248 shares of the technology company’s stock after purchasing an additional 3,240 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Celestica were worth $16,815,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CLS. US Bancorp DE grew its position in Celestica by 61.1% in the 2nd quarter. US Bancorp DE now owns 9,209 shares of the technology company’s stock valued at $1,438,000 after buying an additional 3,494 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Celestica by 134.6% in the 2nd quarter. IFP Advisors Inc now owns 685 shares of the technology company’s stock worth $107,000 after acquiring an additional 393 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Celestica by 2.9% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 26,655 shares of the technology company’s stock worth $4,161,000 after acquiring an additional 761 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Celestica by 759.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 263,829 shares of the technology company’s stock valued at $39,287,000 after acquiring an additional 233,137 shares in the last quarter. Finally, MGO One Seven LLC purchased a new position in Celestica during the second quarter worth about $499,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of a number of analyst reports. Bank of America began coverage on Celestica in a report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price objective on the stock. UBS Group lifted their price target on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Barclays increased their price objective on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $385.00 price target (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $356.59.

Insider Buying and Selling

In related news, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the completion of the transaction, the president directly owned 108,970 shares in the company, valued at $31,323,426.50. The trade was a 45.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the sale, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 297,923 shares of company stock worth $88,027,459 in the last ninety days. Insiders own 0.52% of the company’s stock.

Celestica Stock Performance

Shares of CLS opened at $297.79 on Wednesday. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The stock has a market cap of $34.26 billion, a P/E ratio of 41.47 and a beta of 1.86. The company has a current ratio of 1.47, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average of $307.04 and a two-hundred day moving average of $274.63.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.