Celestica Inc. (NYSE:CLS) Shares Bought by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC increased its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 41.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,985 shares of the technology company’s stock after acquiring an additional 8,485 shares during the period. Celestica makes up approximately 1.4% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 19th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Celestica were worth $2,675,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CLS. Peregrine Capital Management LLC purchased a new stake in Celestica in the 4th quarter valued at approximately $30,000. Private Trust Co. NA raised its holdings in Celestica by 480.0% in the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock valued at $44,000 after buying an additional 720 shares during the period. R Squared Ltd purchased a new stake in Celestica during the 4th quarter worth $51,000. IFP Advisors Inc grew its stake in shares of Celestica by 122.7% in the fourth quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after buying an additional 368 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in shares of Celestica by 43.6% in the fourth 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 period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of NYSE CLS opened at $97.37 on Wednesday. The stock has a market capitalization of $11.29 billion, a PE ratio of 26.03 and a beta of 2.21. The business has a fifty day moving average price of $109.73 and a two-hundred day moving average price of $87.11. Celestica Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $144.27. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.87.

Insider Activity at Celestica

In other Celestica news, insider Yann L. Etienvre sold 9,181 shares of Celestica stock in a transaction that occurred on 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 transaction, the insider now owns 83,179 shares of the company’s stock, valued at $10,608,649.66. This trade represents a 9.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 transaction, the chief executive officer now owns 456,417 shares of the company’s stock, valued at approximately $64,487,157.93. The trade was 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 in the last quarter. Company insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of a number of research analyst reports. CIBC upgraded Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target for the company in a report on Friday, January 31st. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Royal Bank of Canada lifted their price target on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Barclays lifted their target price 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, JPMorgan Chase & Co. started coverage on shares of Celestica in a research note on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective for the company. Two research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Celestica currently has a consensus rating of “Moderate Buy” and a consensus 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.