Carolina Wealth Advisors LLC trimmed its position in Celestica Inc. (NYSE:CLS – Free Report) (TSE:CLS) by 36.2% in the 4th quarter, HoldingsChannel reports. The fund owned 9,455 shares of the technology company’s stock after selling 5,371 shares during the quarter. Celestica makes up about 0.5% of Carolina Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Carolina Wealth Advisors LLC’s holdings in Celestica were worth $873,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica during the 3rd quarter valued at $61,210,000. Driehaus Capital Management LLC lifted its position in shares of Celestica by 19,876.9% in the second quarter. Driehaus Capital Management LLC now owns 1,164,653 shares of the technology company’s stock valued at $66,770,000 after acquiring an additional 1,158,823 shares in the last quarter. Whale Rock Capital Management LLC grew its position in shares of Celestica by 13.0% during the third quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Celestica by 38.5% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Finally, Natixis Advisors LLC grew its holdings in Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after buying an additional 220,494 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.
Celestica Price Performance
Celestica stock opened at $107.43 on Thursday. The stock has a market cap of $12.50 billion, a price-to-earnings ratio of 34.10 and a beta of 2.25. The firm has a 50-day moving average of $92.09 and a two-hundred day moving average of $67.85. Celestica Inc. has a 1 year low of $26.62 and a 1 year high of $108.25. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.
Insider Transactions at Celestica
In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.00% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have commented on CLS. Stifel Nicolaus boosted their price target on shares of Celestica from $70.00 to $100.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. TD Securities 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. UBS Group assumed coverage on shares of Celestica in a research note on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Finally, TD Cowen increased their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, Celestica has an average rating of “Moderate Buy” and a consensus price target of $81.45.
View Our Latest Analysis on Celestica
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.
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