Adero Partners LLC Takes $207,000 Position in Celestica Inc. (NYSE:CLS)

Adero Partners LLC bought a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 2,245 shares of the technology company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CLS. Optimum Investment Advisors raised its holdings in Celestica by 66.7% in the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after acquiring an additional 200 shares during the period. Truist Financial Corp raised its holdings in Celestica by 2.0% in the 2nd quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after acquiring an additional 214 shares during the period. Whittier Trust Co. of Nevada Inc. raised its holdings in Celestica by 26.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,307 shares of the technology company’s stock valued at $67,000 after acquiring an additional 275 shares during the period. UMB Bank n.a. raised its holdings in Celestica by 43.6% in the 4th quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock valued at $88,000 after acquiring an additional 288 shares during the period. Finally, Pier Capital LLC increased its holdings in shares of Celestica by 0.4% during the third quarter. Pier Capital LLC now owns 93,055 shares of the technology company’s stock worth $4,757,000 after purchasing an additional 335 shares during the period. 67.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CLS shares. TD Cowen lifted their price target 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. Canaccord Genuity Group lifted their price target 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. Stifel Nicolaus started coverage on shares of Celestica in a research report on Tuesday. They issued a “buy” rating and a $140.00 price target for the company. BMO Capital Markets lifted their price target on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, UBS Group started 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. 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

Insiders Place Their Bets

In other Celestica news, CEO Robert Mionis sold 75,000 shares of the business’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Todd C. Cooper sold 91,490 shares of the business’s stock in a transaction on 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 in the company, valued at approximately $21,451,091.28. The trade was a 34.28 % decrease in their position. 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.

Celestica Stock Down 7.2 %

Shares of CLS opened at $133.27 on Friday. Celestica Inc. has a one year low of $36.00 and a one year high of $144.27. The company has a market cap of $15.51 billion, a P/E 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 firm has a 50 day simple moving average of $101.31 and a two-hundred day simple moving average of $73.83.

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.