RFG Advisory LLC Invests $933,000 in Celestica, Inc. $CLS

RFG Advisory LLC bought a new stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) in the third quarter, Holdings Channel reports. The institutional investor bought 3,787 shares of the technology company’s stock, valued at approximately $933,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after buying an additional 83 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Celestica by 42.5% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after acquiring an additional 37 shares in the last quarter. First Horizon Corp acquired a new stake in shares of Celestica during the 3rd quarter valued at about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in Celestica in the second quarter valued at about $40,000. Finally, Avion Wealth acquired a new position in Celestica in the third quarter worth about $40,000. 67.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CLS shares. The Goldman Sachs Group lifted their price objective on Celestica from $340.00 to $440.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $400.00 price target on shares of Celestica in a research note on Thursday, January 22nd. Stifel Nicolaus reiterated a “buy” rating and set a $385.00 price objective (up from $230.00) on shares of Celestica in a research note on Wednesday, October 29th. BMO Capital Markets reissued an “outperform” rating on shares of Celestica in a report on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Celestica from $315.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus target price of $356.59.

Insiders Place Their Bets

In other Celestica news, President Jason Phillips sold 100,000 shares of the firm’s stock in a transaction dated 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 owned 12,584 shares in the company, valued at approximately $3,887,449.28. This trade represents a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction dated Wednesday, February 4th. The stock was sold at an average price of $283.51, for a total transaction of $301,938.15. Following the completion of the transaction, the president directly owned 108,970 shares of the company’s stock, valued at approximately $30,894,084.70. This represents a 0.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 297,923 shares of company stock valued at $88,027,459 in the last 90 days. 0.52% of the stock is currently owned by insiders.

Celestica Stock Performance

Shares of NYSE:CLS opened at $274.93 on Friday. Celestica, Inc. has a twelve month low of $58.05 and a twelve month high of $363.40. The firm has a market cap of $31.63 billion, a PE ratio of 38.29 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. The business has a fifty day moving average of $305.83 and a 200-day moving average of $274.79.

Celestica Profile

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.