Mutual Advisors LLC Sells 1,173 Shares of Celestica Inc. (NYSE:CLS)

Mutual Advisors LLC trimmed its holdings in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) by 29.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,777 shares of the technology company’s stock after selling 1,173 shares during the period. Mutual Advisors LLC’s holdings in Celestica were worth $256,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Optimum Investment Advisors increased its position in shares of Celestica by 66.7% during the 3rd quarter. Optimum Investment Advisors now owns 500 shares of the technology company’s stock valued at $26,000 after purchasing an additional 200 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in Celestica in the 3rd quarter worth $30,000. UMB Bank n.a. purchased a new position in Celestica in the 3rd quarter worth approximately $34,000. 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 valued at $44,000 after acquiring an additional 720 shares in the last quarter. Finally, Global Trust Asset Management LLC bought a new stake in shares of Celestica in the third quarter worth about $51,000. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Insiders Place Their Bets

In other news, Director Michael Wilson sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $98.73, for a total value of $2,468,250.00. Following the completion of the sale, the director now directly owns 1,784 shares in the company, valued at $176,134.32. The trade was a 93.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

CLS has been the subject of several research analyst reports. Barclays began coverage on Celestica in a report on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price target for the company. TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the company a “buy” rating in a research report on Thursday, October 24th. Canaccord Genuity Group upped their price objective on shares of Celestica from $77.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, December 20th. TD Securities upped their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, UBS Group started coverage on Celestica in a research report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $84.82.

Celestica Price Performance

NYSE:CLS opened at $94.39 on Wednesday. The firm’s fifty day moving average is $97.08 and its two-hundred day moving average is $71.25. 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 $10.98 billion, a price-to-earnings ratio of 29.96 and a beta of 2.25. Celestica Inc. has a one year low of $31.82 and a one year high of $131.23.

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.