Avantax Advisory Services Inc. Purchases 1,995 Shares of Celestica Inc. (NYSE:CLS)

Avantax Advisory Services Inc. raised its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 17.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,283 shares of the technology company’s stock after purchasing an additional 1,995 shares during the period. Avantax Advisory Services Inc.’s holdings in Celestica were worth $1,226,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in Celestica in the fourth quarter valued at $30,000. R Squared Ltd acquired a new position in shares of Celestica in the 4th quarter valued at about $51,000. IFP Advisors Inc boosted its position in shares of Celestica by 122.7% during the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock valued at $62,000 after purchasing an additional 368 shares in the last quarter. Private Trust Co. NA grew its stake in Celestica by 480.0% during the third quarter. Private Trust Co. NA now owns 870 shares of the technology company’s stock worth $44,000 after purchasing an additional 720 shares during the period. Finally, UMB Bank n.a. increased its holdings in Celestica by 43.6% in the fourth quarter. UMB Bank n.a. now owns 949 shares of the technology company’s stock worth $88,000 after purchasing an additional 288 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $98.73, for a total transaction of $2,468,250.00. Following the transaction, the director now directly owns 1,784 shares in the company, valued at approximately $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated 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 approximately $1,235,278.08. This trade represents a 42.53 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CLS shares. TD Securities increased their price target on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Canaccord Genuity Group raised their price target on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, December 20th. Barclays lifted their price target 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. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective on the stock in a research report on Friday, January 31st. Finally, UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Two analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Stock Performance

Shares of Celestica stock opened at $87.53 on Wednesday. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average price of $110.24 and a 200-day moving average price of $85.74. The company has a market cap of $10.18 billion, a PE ratio of 23.40 and a beta of 2.21.

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.