Mindset Wealth Management LLC Purchases Shares of 2,796 Celestica Inc. (NYSE:CLS)

Mindset Wealth Management LLC acquired a new position in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,796 shares of the technology company’s stock, valued at approximately $258,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whale Rock Capital Management LLC raised its holdings in Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Celestica during the fourth quarter worth $47,685,000. Point72 Asset Management L.P. raised its stake in Celestica by 38.5% during the third quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after buying an additional 301,563 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Celestica by 1,697.3% in the third quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock valued at $11,936,000 after buying an additional 220,494 shares during the period. Finally, Alberta Investment Management Corp boosted its position in Celestica by 161.5% during the fourth quarter. Alberta Investment Management Corp now owns 279,791 shares of the technology company’s stock valued at $25,808,000 after acquiring an additional 172,814 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, President Todd C. Cooper sold 91,490 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $122.28, for a total value of $11,187,397.20. Following the completion of the sale, the president now owns 175,426 shares in the company, valued at $21,451,091.28. This represents a 34.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 75,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total transaction of $10,596,750.00. Following the completion of the sale, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. This represents a 14.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock worth $119,142,019 over the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Celestica Price Performance

Shares of NYSE CLS opened at $95.73 on Friday. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of 25.60 and a beta of 2.21. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The firm’s 50-day simple moving average is $109.89 and its 200 day simple moving average is $85.85.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. CIBC raised Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a research report on Friday, January 31st. UBS Group initiated coverage on Celestica in a report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Stifel Nicolaus increased their price target on Celestica from $140.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, February 19th. Barclays lifted their price objective on shares of Celestica from $139.00 to $157.00 and gave the company an “overweight” rating in a research note on Thursday, February 13th. Finally, Canaccord Genuity Group boosted their target price on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, December 20th. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Company 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.