SteelPeak Wealth LLC Sells 4,127 Shares of Celestica, Inc. $CLS

SteelPeak Wealth LLC cut its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,118 shares of the technology company’s stock after selling 4,127 shares during the period. SteelPeak Wealth LLC’s holdings in Celestica were worth $2,991,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. MassMutual Private Wealth & Trust FSB grew its holdings in Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new position in shares of Celestica during the 3rd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Celestica in the 2nd quarter valued at about $40,000. Avion Wealth acquired a new stake in shares of Celestica in the 3rd quarter valued at about $40,000. Finally, Fifth Third Bancorp increased its position in Celestica by 48.7% in the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after buying an additional 56 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLS has been the topic of several recent research reports. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. TD Cowen reiterated a “hold” rating on shares of Celestica in a report on Friday, January 30th. Bank of America started coverage on shares of Celestica in a research report on Wednesday, January 28th. They issued a “buy” rating and a $400.00 price target for the company. Finally, BMO Capital Markets restated an “outperform” rating on shares of Celestica in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $355.39.

Celestica Stock Down 0.1%

Shares of NYSE:CLS opened at $294.69 on Friday. The business’s 50 day moving average is $285.34 and its 200 day moving average is $292.93. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. 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 quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34.

Insider Activity

In related news, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total transaction of $301,938.15. Following the transaction, the president directly owned 108,970 shares in the company, valued at approximately $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Yann L. Etienvre sold 1,145 shares of the company’s stock in a transaction dated Wednesday, February 4th. The stock was 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. Insiders sold a total of 297,923 shares of company stock worth $88,027,459 over the last quarter. Insiders own 0.52% of the company’s stock.

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.