Stratos Wealth Partners LTD. Purchases 8,487 Shares of Celestica Inc. (NYSE:CLS)

Stratos Wealth Partners LTD. boosted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 22.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 47,080 shares of the technology company’s stock after buying an additional 8,487 shares during the period. Stratos Wealth Partners LTD.’s holdings in Celestica were worth $4,346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Optimum Investment Advisors lifted its holdings in shares of Celestica by 66.7% during the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock worth $26,000 after buying an additional 200 shares in the last quarter. Financial Management Professionals Inc. bought a new position in Celestica during the third quarter worth about $30,000. UMB Bank n.a. acquired a new stake in Celestica in the 3rd quarter worth about $34,000. Private Trust Co. NA boosted its holdings in Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the period. Finally, Global Trust Asset Management LLC acquired a new position in shares of Celestica during the 3rd quarter worth approximately $51,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Price Performance

CLS stock opened at $133.27 on Friday. The stock has a market cap of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27. 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 company has a 50 day simple moving average of $101.31 and a 200 day simple moving average of $73.83. Celestica Inc. has a 1 year low of $36.00 and a 1 year high of $144.27.

Insiders Place Their Bets

In other news, President Todd C. Cooper sold 91,490 shares of Celestica stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total transaction of $11,187,397.20. Following the sale, the president now directly owns 175,426 shares of the company’s stock, valued at approximately $21,451,091.28. This trade represents a 34.28 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares in the company, valued at approximately $64,487,157.93. This trade represents a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 894,381 shares of company stock valued at $110,706,319. 1.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of analyst reports. UBS Group assumed 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. Barclays lifted their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Royal Bank of Canada raised their price target on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price objective for the company. Finally, TD Cowen raised 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. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.27.

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.