Foundations Investment Advisors LLC Takes Position in Celestica Inc. (NYSE:CLS)

Foundations Investment Advisors LLC purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,867 shares of the technology company’s stock, valued at approximately $265,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Celestica by 18.9% in the 2nd quarter. Sei Investments Co. now owns 48,230 shares of the technology company’s stock worth $2,765,000 after buying an additional 7,670 shares during the period. Creative Planning increased its stake in shares of Celestica by 4.7% during the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock valued at $431,000 after purchasing an additional 336 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its stake in shares of Celestica by 54.6% during the second quarter. B. Riley Wealth Advisors Inc. now owns 22,770 shares of the technology company’s stock valued at $1,305,000 after purchasing an additional 8,041 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of Celestica by 2.0% during the second quarter. Truist Financial Corp now owns 11,008 shares of the technology company’s stock valued at $631,000 after purchasing an additional 214 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Celestica by 119.5% in the 2nd quarter. Cetera Investment Advisers now owns 26,271 shares of the technology company’s stock worth $1,504,000 after purchasing an additional 14,305 shares in the last quarter. Institutional investors own 67.38% of the company’s stock.

Insider Buying and Selling

In other news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction on 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 owns 1,784 shares in the company, valued at $176,134.32. This trade represents a 93.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Securities boosted their target price on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday. CIBC upgraded shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price target on the stock in a research note on Friday. Barclays raised their price objective on shares of Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research note on Thursday. Canaccord Genuity Group increased their price target on shares of Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a report on Friday, December 20th. Finally, TD Cowen boosted their price objective on shares of Celestica from $68.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $99.64.

Celestica Trading Up 8.2 %

Celestica stock opened at $123.57 on Friday. Celestica Inc. has a 52-week low of $32.80 and a 52-week high of $133.66. The company has a market cap of $14.38 billion, a P/E ratio of 33.04 and a beta of 2.25. 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 simple moving average of $98.48 and a two-hundred day simple moving average of $72.18.

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.