Spire Wealth Management Purchases New Holdings in Celestica Inc. (NYSE:CLS)

Spire Wealth Management purchased a new stake in Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,051 shares of the technology company’s stock, valued at approximately $189,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Optimum Investment Advisors boosted its holdings in Celestica by 66.7% in the third quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. bought a new position in Celestica during the 3rd quarter worth approximately $30,000. UMB Bank n.a. bought a new position in Celestica during the 3rd quarter worth approximately $34,000. Private Trust Co. NA lifted its holdings in Celestica by 480.0% during the 3rd quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after buying an additional 720 shares during the last quarter. Finally, Global Trust Asset Management LLC bought a new position in Celestica during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Ratings Changes

CLS has been the topic of a number of research analyst reports. TD Securities increased their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. 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. BMO Capital Markets increased their target price on Celestica from $64.00 to $72.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Stifel Nicolaus started coverage on Celestica in a research report on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Finally, Canaccord Genuity Group increased their price target on Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, December 20th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.27.

Celestica Stock Down 2.6 %

Shares of CLS stock opened at $129.74 on Friday. Celestica Inc. has a 1 year low of $36.00 and a 1 year high of $144.27. The stock has a market cap of $15.10 billion, a PE ratio of 34.69 and a beta of 2.27. The business’s fifty day moving average is $102.31 and its 200-day moving average is $74.25. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47.

Insider Activity

In other news, Director Michael Wilson sold 25,000 shares of the firm’s stock in a transaction on 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 completion of the sale, the director now directly 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total value of $914,137.92. Following the sale, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 894,381 shares of company stock worth $110,706,319. 1.00% of the stock is owned by company insiders.

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.