Brookstone Capital Management Acquires 1,793 Shares of Celestica, Inc. $CLS

Brookstone Capital Management boosted its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 151.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,978 shares of the technology company’s stock after buying an additional 1,793 shares during the period. Brookstone Capital Management’s holdings in Celestica were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Pinney & Scofield Inc. raised its position in shares of Celestica by 20.0% during the 3rd quarter. Pinney & Scofield Inc. now owns 180 shares of the technology company’s stock valued at $44,000 after acquiring an additional 30 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Celestica by 42.5% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock valued at $31,000 after purchasing an additional 37 shares during the period. World Equity Group Inc. boosted its position in shares of Celestica by 1.7% in the 3rd quarter. World Equity Group Inc. now owns 2,263 shares of the technology company’s stock worth $558,000 after purchasing an additional 38 shares during the last quarter. Terra Nova Asset Management LLC grew its stake in shares of Celestica by 2.3% during the fourth quarter. Terra Nova Asset Management LLC now owns 1,686 shares of the technology company’s stock worth $498,000 after purchasing an additional 38 shares during the period. Finally, Pure Financial Advisors LLC grew its stake in shares of Celestica by 3.2% during the third quarter. Pure Financial Advisors LLC now owns 1,617 shares of the technology company’s stock worth $398,000 after purchasing an additional 50 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Stock Down 0.1%

NYSE:CLS opened at $294.69 on Friday. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40. The stock has a 50-day moving average price of $285.34 and a two-hundred day moving average price of $292.93. The stock has a market cap of $33.88 billion, a price-to-earnings ratio of 41.04 and a beta of 1.88. The company has a current ratio of 1.44, a quick ratio of 0.88 and a debt-to-equity ratio of 0.34.

Insider Activity

In related news, President Jason Phillips sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total value of $30,892,000.00. Following the completion of the transaction, the president directly owned 12,584 shares in the company, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Todd C. Cooper sold 89,484 shares of the stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $287.45, for a total value of $25,722,175.80. Following the sale, the president directly owned 108,970 shares of the company’s stock, valued at approximately $31,323,426.50. The trade was a 45.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 297,923 shares of company stock worth $88,027,459 in the last 90 days. Corporate insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Canaccord Genuity Group increased their target price on Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Barclays boosted their target price on Celestica from $359.00 to $391.00 and gave the stock an “overweight” rating in a research report on Friday, January 30th. Wall Street Zen upgraded shares of Celestica from a “hold” rating to a “buy” rating in a research report on Friday, January 23rd. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Finally, Citigroup decreased their price objective on shares of Celestica from $375.00 to $338.00 and set a “buy” rating for the company in a report on Friday, January 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and an average target price of $355.39.

About Celestica

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.