Leeward Financial Partners LLC Makes New $238,000 Investment in Celestica Inc. (NYSE:CLS)

Leeward Financial Partners LLC purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,575 shares of the technology company’s stock, valued at approximately $238,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CLS. Cornerstone Wealth Management LLC bought a new stake in Celestica in the fourth quarter worth approximately $385,000. Raymond James Financial Inc. acquired a new position in shares of Celestica in the fourth quarter valued at $47,685,000. Schechter Investment Advisors LLC bought a new stake in shares of Celestica in the 4th quarter valued at approximately $294,000. XTX Topco Ltd acquired a new position in shares of Celestica in the 3rd quarter worth approximately $1,580,000. Finally, American Century Companies Inc. grew its holdings in shares of Celestica by 16.4% during the fourth quarter. American Century Companies Inc. now owns 219,062 shares of the technology company’s stock worth $20,217,000 after purchasing an additional 30,851 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the sale, the insider now owns 9,224 shares of the company’s stock, valued at $1,235,278.08. This represents a 42.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert Mionis sold 441,325 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $122.28, for a total transaction of $53,965,221.00. Following the completion of the sale, the chief executive officer now directly owns 531,417 shares of the company’s stock, valued at $64,981,670.76. This represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 959,381 shares of company stock valued at $119,142,019 over the last ninety days. 1.00% of the stock is currently owned by insiders.

Celestica Stock Performance

Shares of NYSE:CLS opened at $69.00 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market cap of $8.00 billion, a PE ratio of 18.45 and a beta of 2.09. The firm’s 50 day simple moving average is $104.73 and its 200-day simple moving average is $88.66. Celestica Inc. has a one year low of $40.25 and a one year high of $144.27.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CLS shares. TD Securities raised 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. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 target price for the company in a report on Friday, January 31st. Canaccord Genuity Group upped their price objective on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Royal Bank of Canada upped their price objective on Celestica from $115.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. initiated coverage on Celestica in a report on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price for the company. Two research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.83.

About Celestica

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.