EverSource Wealth Advisors LLC Has $51,000 Stock Position in Celestica Inc. (NYSE:CLS)

EverSource Wealth Advisors LLC reduced its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 84.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 556 shares of the technology company’s stock after selling 2,975 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Celestica were worth $51,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peregrine Capital Management LLC bought a new stake in shares of Celestica in the 4th quarter valued at $30,000. Private Trust Co. NA boosted its stake in shares of Celestica by 480.0% in the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after purchasing an additional 720 shares during the last quarter. R Squared Ltd bought a new stake in shares of Celestica in the 4th quarter valued at $51,000. IFP Advisors Inc boosted its stake in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares during the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of 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 purchasing an additional 288 shares during the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Yann L. Etienvre sold 9,181 shares of the firm’s stock in a transaction dated Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $1,170,944.74. Following the completion of the sale, the insider now owns 83,179 shares in the company, valued at approximately $10,608,649.66. This trade represents a 9.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the sale, the director now owns 1,784 shares of the company’s stock, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 959,381 shares of company stock worth $119,142,019 over the last quarter. Insiders own 1.00% of the company’s stock.

Celestica Stock Performance

Shares of CLS stock opened at $92.09 on Thursday. The firm has a 50-day moving average of $110.24 and a 200-day moving average of $85.74. The company has a market cap of $10.72 billion, a P/E ratio of 24.62 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CLS. JPMorgan Chase & Co. began coverage on shares of Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective on the stock. UBS Group began coverage on shares of Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price objective on the stock. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price on the stock in a research note on Friday, January 31st. Barclays increased their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, February 13th. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $110.83.

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.