Level Four Advisory Services LLC Sells 1,915 Shares of Celestica, Inc. $CLS

Level Four Advisory Services LLC decreased its stake in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 23.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,129 shares of the technology company’s stock after selling 1,915 shares during the period. Level Four Advisory Services LLC’s holdings in Celestica were worth $1,510,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Celestica by 42.5% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after purchasing an additional 37 shares during the period. First Horizon Corp bought a new stake in shares of Celestica during the 3rd quarter valued at approximately $31,000. Golden State Wealth Management LLC grew its stake in shares of Celestica by 102.5% during the second quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock worth $26,000 after buying an additional 83 shares during the last quarter. Avion Wealth acquired a new position in Celestica in the 3rd quarter worth about $40,000. Finally, Fifth Third Bancorp raised its holdings in Celestica by 48.7% in the 3rd quarter. Fifth Third Bancorp now owns 171 shares of the technology company’s stock valued at $42,000 after buying an additional 56 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Celestica

In other Celestica news, President Jason Phillips sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the transaction, the president owned 12,584 shares in the company, valued at approximately $3,887,449.28. This represents a 88.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Todd C. Cooper sold 89,484 shares of the firm’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $287.45, for a total transaction of $25,722,175.80. Following the transaction, the president directly owned 108,970 shares of the company’s stock, valued at $31,323,426.50. This represents a 45.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 297,923 shares of company stock worth $88,027,459 over the last 90 days. 0.52% of the stock is owned by company insiders.

Analysts Set New Price Targets

CLS has been the topic of several analyst reports. Zacks Research upgraded Celestica from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Canaccord Genuity Group lifted their price target on shares of Celestica from $400.00 to $430.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. TD Cowen reissued a “hold” rating on shares of Celestica in a research note on Friday, January 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $400.00 price objective on shares of Celestica in a research note on Thursday, January 22nd. Finally, Wolfe Research upgraded shares of Celestica to a “strong-buy” rating in a research note on Tuesday, February 17th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $356.59.

Celestica Stock Performance

NYSE CLS opened at $270.84 on Thursday. The company has a 50-day simple moving average of $297.84 and a two-hundred day simple moving average of $283.50. The company has a quick ratio of 0.88, a current ratio of 1.44 and a debt-to-equity ratio of 0.34. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The firm has a market cap of $31.16 billion, a price-to-earnings ratio of 37.72 and a beta of 1.88.

Celestica Company Profile

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.