Celestica Inc. (NYSE:CLS) Position Increased by Truist Financial Corp

Truist Financial Corp raised its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 12.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,579 shares of the technology company’s stock after purchasing an additional 1,424 shares during the quarter. Truist Financial Corp’s holdings in Celestica were worth $1,161,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Creative Planning lifted its position in shares of Celestica by 36.1% in the 3rd quarter. Creative Planning now owns 10,240 shares of the technology company’s stock valued at $523,000 after acquiring an additional 2,714 shares in the last quarter. Private Advisor Group LLC purchased a new stake in shares of Celestica in the 3rd quarter valued at approximately $934,000. Gladstone Institutional Advisory LLC lifted its position in shares of Celestica by 34.4% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 9,179 shares of the technology company’s stock valued at $469,000 after acquiring an additional 2,348 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Celestica by 52.7% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 61,478 shares of the technology company’s stock valued at $3,143,000 after acquiring an additional 21,228 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Celestica by 40.0% in the 3rd quarter. Van ECK Associates Corp now owns 67,266 shares of the technology company’s stock valued at $3,439,000 after acquiring an additional 19,221 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Insider Activity at Celestica

In related news, President Todd C. Cooper sold 65,000 shares of the firm’s stock in a transaction on Friday, February 7th. The shares were sold at an average price of $129.78, for a total value of $8,435,700.00. Following the transaction, the president now directly owns 110,426 shares in the company, valued at approximately $14,331,086.28. This trade represents a 37.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Robert Mionis sold 75,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 456,417 shares in the company, valued at $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is owned by insiders.

Celestica Stock Down 0.9 %

Celestica stock opened at $106.95 on Friday. The company has a market capitalization of $12.44 billion, a P/E ratio of 28.60 and a beta of 2.27. The firm’s fifty day simple moving average is $111.86 and its 200-day simple moving average is $81.90. The company has a current ratio of 1.47, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Celestica Inc. has a 1-year low of $40.25 and a 1-year high of $144.27.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on CLS shares. UBS Group started coverage on shares of Celestica in a research report on Friday, November 22nd. They issued a “neutral” rating and a $95.00 target price for the company. Barclays increased their target price on shares of Celestica from $139.00 to $157.00 and gave the stock an “overweight” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. started coverage on shares of Celestica in a research report on Friday, February 21st. They issued an “overweight” rating and a $166.00 target price for the company. Cibc World Mkts upgraded shares of Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Finally, TD Securities increased their target price on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. 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 stock. Based on data from MarketBeat, Celestica currently has a consensus rating of “Moderate Buy” and a consensus price target 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.