Farther Finance Advisors LLC Has $2.12 Million Stock Holdings in Celestica, Inc. $CLS

Farther Finance Advisors LLC grew its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 46.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,155 shares of the technology company’s stock after purchasing an additional 2,267 shares during the period. Farther Finance Advisors LLC’s holdings in Celestica were worth $2,115,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Allianz Asset Management GmbH boosted its stake in shares of Celestica by 7.3% in the 3rd quarter. Allianz Asset Management GmbH now owns 337,397 shares of the technology company’s stock valued at $83,044,000 after purchasing an additional 22,863 shares in the last quarter. Spark Investment Management LLC boosted its stake in shares of Celestica by 17.4% in the 3rd quarter. Spark Investment Management LLC now owns 27,000 shares of the technology company’s stock valued at $6,643,000 after purchasing an additional 4,000 shares in the last quarter. Spire Wealth Management boosted its stake in shares of Celestica by 354.3% in the 4th quarter. Spire Wealth Management now owns 5,979 shares of the technology company’s stock valued at $1,767,000 after purchasing an additional 4,663 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in shares of Celestica in the 3rd quarter valued at $28,924,000. Finally, Plato Investment Management Ltd boosted its stake in shares of Celestica by 154.5% in the 3rd quarter. Plato Investment Management Ltd now owns 15,046 shares of the technology company’s stock valued at $3,676,000 after purchasing an additional 9,135 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CLS. Citigroup reduced their target price on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday, January 30th. Barclays boosted their target price on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Zacks Research downgraded shares of Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Aletheia Capital lifted their price target on Celestica from $330.00 to $410.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Finally, Susquehanna initiated coverage on Celestica in a report on Wednesday, April 1st. They issued a “positive” rating and a $375.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $361.78.

Insider Activity at Celestica

In related news, insider Yann L. Etienvre sold 86,229 shares of Celestica stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $24,786,526.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Todd C. Cooper sold 89,484 shares of Celestica stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $287.45, for a total value of $25,722,175.80. Following the completion of the transaction, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This represents a 45.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 297,923 shares of company stock valued at $88,027,459 over the last ninety days. 0.52% of the stock is owned by insiders.

Celestica Stock Performance

Celestica stock opened at $395.75 on Monday. The stock has a 50-day simple moving average of $294.75 and a 200 day simple moving average of $300.34. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a 12-month low of $78.84 and a 12-month high of $399.36. The stock has a market capitalization of $45.50 billion, a price-to-earnings ratio of 55.12 and a beta of 1.88.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.