Measured Wealth Private Client Group LLC Has $535,000 Stock Position in Celestica Inc. (NYSE:CLS)

Measured Wealth Private Client Group LLC cut its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 20.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,792 shares of the technology company’s stock after selling 1,534 shares during the quarter. Measured Wealth Private Client Group LLC’s holdings in Celestica were worth $535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLS. Creative Planning increased its stake in shares of Celestica by 4.7% in the 2nd quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after acquiring an additional 336 shares in the last quarter. Truist Financial Corp grew its holdings in Celestica by 2.0% in the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock worth $631,000 after purchasing an additional 214 shares during the period. Cetera Investment Advisers increased its stake in Celestica by 119.5% in the second quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock valued at $1,504,000 after purchasing an additional 14,305 shares in the last quarter. Park Avenue Securities LLC acquired a new position in shares of Celestica during the third quarter valued at about $734,000. Finally, UMB Bank n.a. bought a new position in shares of Celestica during the 3rd quarter worth about $34,000. 67.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Celestica news, Director Michael Wilson sold 25,000 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the transaction, the director now owns 1,784 shares in the company, valued at $176,134.32. This represents a 93.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $141.29, for a total value of $10,596,750.00. Following the sale, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 894,381 shares of company stock valued at $110,706,319 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

Celestica Stock Down 7.2 %

CLS opened at $133.27 on Friday. Celestica Inc. has a fifty-two week low of $36.00 and a fifty-two week high of $144.27. The firm has a market capitalization of $15.51 billion, a P/E ratio of 35.63 and a beta of 2.27. The company’s 50-day moving average is $101.31 and its 200 day moving average is $73.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CLS. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Cibc World Mkts upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Friday, January 31st. Royal Bank of Canada increased their target price on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. TD Cowen boosted their price target on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research note on Thursday, October 24th. Finally, Canaccord Genuity Group raised their price objective on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Celestica presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.27.

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.