Stonehaven Wealth & Tax Solutions LLC Buys New Position in Celestica Inc. (NYSE:CLS)

Stonehaven Wealth & Tax Solutions LLC purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, Holdings Channel.com reports. The fund purchased 2,314 shares of the technology company’s stock, valued at approximately $214,000.

Several other large investors have also bought and sold shares of CLS. Peregrine Capital Management LLC purchased a new stake in shares of Celestica in the fourth quarter valued at about $30,000. Pinpoint Asset Management Ltd increased its stake in Celestica by 109.6% in the 4th quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after buying an additional 182 shares during the last quarter. Bessemer Group Inc. bought a new position in shares of Celestica during the 4th quarter worth approximately $42,000. R Squared Ltd bought a new position in shares of Celestica during the 4th quarter worth approximately $51,000. Finally, IFP Advisors Inc boosted its stake in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after buying an additional 368 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Price Performance

Celestica stock opened at $82.58 on Wednesday. The firm has a market capitalization of $9.58 billion, a P/E ratio of 22.08 and a beta of 2.09. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. The business has a fifty day moving average price of $97.45 and a 200-day moving average price of $90.55.

Insider Buying and Selling

In other news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the sale, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction that occurred on Friday, February 7th. The shares were sold at an average price of $129.78, for a total transaction of $8,435,700.00. Following the completion of the transaction, the president now owns 110,426 shares of the company’s stock, 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 quarter, insiders have sold 934,381 shares of company stock valued at $116,673,769. Corporate insiders own 1.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CLS. TD Securities lifted their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. began coverage on shares of Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price target on the stock. Stifel Nicolaus raised their price objective on shares of Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Canaccord Genuity Group increased their target price 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. Finally, Barclays lifted their price target on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus target price of $108.33.

Celestica Company 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.