Stratos Wealth Partners LTD. Has $4.35 Million Stock Position in Celestica Inc. (NYSE:CLS)

Stratos Wealth Partners LTD. lifted its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 47,080 shares of the technology company’s stock after buying an additional 8,487 shares during the period. Stratos Wealth Partners LTD.’s holdings in Celestica were worth $4,346,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CLS. Vaughan Nelson Investment Management L.P. bought a new stake in shares of Celestica in the third quarter worth about $61,210,000. Whale Rock Capital Management LLC increased its stake in Celestica by 13.0% during the 3rd quarter. Whale Rock Capital Management LLC now owns 8,467,244 shares of the technology company’s stock worth $432,846,000 after purchasing an additional 975,163 shares in the last quarter. Point72 Asset Management L.P. increased its stake in Celestica by 38.5% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,084,722 shares of the technology company’s stock worth $55,451,000 after purchasing an additional 301,563 shares in the last quarter. Natixis Advisors LLC raised its holdings in Celestica by 1,697.3% during the 3rd quarter. Natixis Advisors LLC now owns 233,485 shares of the technology company’s stock worth $11,936,000 after buying an additional 220,494 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd lifted its stake in Celestica by 53.8% in the third quarter. Broad Peak Investment Advisers Pte Ltd now owns 524,245 shares of the technology company’s stock valued at $26,799,000 after buying an additional 183,300 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CLS shares. Barclays raised their price objective on shares of Celestica from $91.00 to $139.00 and gave the stock an “overweight” rating in a report on Thursday, January 30th. UBS Group assumed coverage on Celestica in a research note on Friday, November 22nd. They issued a “neutral” rating and a $95.00 price target on the stock. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. TD Cowen lifted their target price on Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Finally, Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Celestica presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.27.

Celestica Price Performance

Shares of CLS opened at $133.27 on Friday. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. The company’s fifty day simple moving average is $101.31 and its 200 day simple moving average is $73.83. Celestica Inc. has a 1-year low of $36.00 and a 1-year high of $144.27. The company has a market cap of $15.51 billion, a price-to-earnings ratio of 35.63 and a beta of 2.27.

Insider Activity

In other Celestica news, 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 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 trade represents a 42.53 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Robert Mionis sold 52,588 shares of the company’s stock in a transaction on Friday, January 31st. The shares were sold at an average price of $127.54, for a total transaction of $6,707,073.52. Following the completion of the transaction, the chief executive officer now owns 531,417 shares in the company, valued at approximately $67,776,924.18. This represents a 9.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 894,381 shares of company stock valued at $110,706,319 in the last quarter. Company insiders own 1.00% of the company’s stock.

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.