Adapt Wealth Advisors LLC Takes Position in Celestica, Inc. $CLS

Adapt Wealth Advisors LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,935 shares of the technology company’s stock, valued at approximately $970,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC increased its holdings in shares of Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after purchasing an additional 83 shares during the period. MassMutual Private Wealth & Trust FSB grew its position in Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares in the last quarter. First Horizon Corp bought a new position in Celestica during the 3rd quarter worth $31,000. Twin Peaks Wealth Advisors LLC bought a new position in Celestica during the 2nd quarter worth $40,000. Finally, Avion Wealth acquired a new position in Celestica in the 3rd quarter valued at $40,000. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. Aletheia Capital increased their target price on Celestica from $330.00 to $410.00 and gave the stock a “buy” rating in a report on Tuesday, January 20th. Stifel Nicolaus reaffirmed a “buy” rating and set a $385.00 price objective (up previously from $230.00) on shares of Celestica in a research report on Wednesday, October 29th. Royal Bank Of Canada reissued an “outperform” rating and issued a $400.00 target price on shares of Celestica in a report on Thursday, January 22nd. New Street Research set a $400.00 target price on shares of Celestica in a research report on Wednesday, October 29th. Finally, Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research report on Tuesday, February 17th. Two analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $356.59.

Celestica Stock Up 0.7%

Shares of CLS opened at $293.44 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.47. Celestica, Inc. has a 52 week low of $58.05 and a 52 week high of $363.40. The stock has a market capitalization of $33.76 billion, a price-to-earnings ratio of 40.87 and a beta of 1.86. The stock has a fifty day moving average of $300.04 and a 200-day moving average of $279.19.

Insider Transactions at Celestica

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at $30,894,084.70. The trade was a 0.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $324,618.95. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 297,923 shares of company stock worth $88,027,459. Insiders own 0.52% of the company’s stock.

Celestica 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.