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

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

A number of other hedge funds also recently modified their holdings of CLS. NewGen Equity Long Short Fund bought a new stake in Celestica during the 2nd quarter valued at $14,050,000. Northwestern Mutual Wealth Management Co. grew its holdings in Celestica by 7,646.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,007 shares of the technology company’s stock valued at $157,000 after buying an additional 994 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of Celestica by 5.6% during the second quarter. Hsbc Holdings PLC now owns 25,088 shares of the technology company’s stock valued at $3,921,000 after buying an additional 1,332 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Celestica during the second quarter valued at about $40,000. Finally, 1832 Asset Management L.P. purchased a new stake in shares of Celestica in the second quarter worth about $219,000. Institutional investors own 67.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Zacks Research raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Wall Street Zen raised shares of Celestica from a “hold” rating to a “buy” rating in a report on Friday, January 23rd. Barclays boosted their price target on shares of Celestica from $359.00 to $391.00 and gave the company an “overweight” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a report on Wednesday, January 21st. Finally, Susquehanna assumed coverage on Celestica in a research note on Wednesday. They set a “positive” rating and a $375.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Celestica has an average rating of “Moderate Buy” and a consensus price target of $355.39.

Celestica Stock Down 0.1%

Shares of NYSE CLS opened at $294.69 on Friday. The stock has a market capitalization of $33.88 billion, a P/E ratio of 41.04 and a beta of 1.88. Celestica, Inc. has a one year low of $58.05 and a one year high of $363.40. The firm’s 50 day simple moving average is $285.34 and its two-hundred day simple moving average is $292.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.44 and a quick ratio of 0.88.

Insider Activity

In other Celestica news, President Todd C. Cooper sold 1,065 shares of the business’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the completion of the sale, the president directly owned 108,970 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Also, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the sale, the president owned 12,584 shares of the company’s stock, valued at approximately $3,887,449.28. The trade was a 88.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 297,923 shares of company stock valued at $88,027,459. Corporate insiders own 0.52% of the company’s stock.

Celestica Profile

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.