LMG Wealth Partners LLC Has $2.93 Million Stock Holdings in Celestica Inc. (NYSE:CLS)

LMG Wealth Partners LLC increased its position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,761 shares of the technology company’s stock after buying an additional 696 shares during the quarter. LMG Wealth Partners LLC’s holdings in Celestica were worth $2,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLS. Financial Management Professionals Inc. bought a new stake in shares of Celestica during the third quarter valued at approximately $30,000. Peregrine Capital Management LLC bought a new stake in Celestica during the 4th quarter valued at $30,000. Private Trust Co. NA raised its holdings in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the last quarter. Global Trust Asset Management LLC bought a new position in shares of Celestica in the third quarter valued at $51,000. Finally, R Squared Ltd acquired a new position in shares of Celestica during the fourth quarter valued at about $51,000. Institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CLS shares. TD Cowen upped their target price on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. BMO Capital Markets raised their target price on Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. UBS Group started coverage on Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target for the company. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Finally, CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $105.82.

Celestica Stock Down 0.4 %

CLS opened at $131.73 on Thursday. The company’s 50-day moving average price is $109.70 and its two-hundred day moving average price is $79.34. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. Celestica Inc. has a twelve month low of $36.11 and a twelve month high of $144.27. The stock has a market cap of $15.33 billion, a price-to-earnings ratio of 35.22 and a beta of 2.27.

Insider Activity at Celestica

In other Celestica news, President Todd C. Cooper sold 9,538 shares of the business’s stock in a transaction on Friday, January 31st. The stock was sold at an average price of $127.54, for a total value of $1,216,476.52. Following the sale, the president now directly owns 175,426 shares in the company, valued at $22,373,832.04. The trade was a 5.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Michael Wilson sold 25,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the transaction, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. The trade was a 93.34 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 959,381 shares of company stock worth $119,142,019. Insiders own 1.00% of the company’s stock.

Celestica 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.