Flagship Harbor Advisors LLC Buys Shares of 3,273 Celestica Inc. (NYSE:CLS)

Flagship Harbor Advisors LLC purchased a new position in Celestica Inc. (NYSE:CLS) (TSE:CLS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,273 shares of the technology company’s stock, valued at approximately $302,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Sei Investments Co. grew its holdings in shares of Celestica by 18.9% during the second quarter. Sei Investments Co. now owns 48,230 shares of the technology company’s stock valued at $2,765,000 after purchasing an additional 7,670 shares during the last quarter. Ascent Group LLC bought a new position in Celestica during the 2nd quarter worth $225,000. Creative Planning increased its position in Celestica by 4.7% in the second quarter. Creative Planning now owns 7,526 shares of the technology company’s stock worth $431,000 after buying an additional 336 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in Celestica by 54.6% in 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 buying an additional 8,041 shares during the last quarter. Finally, Truist Financial Corp boosted 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 acquiring an additional 214 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Price Performance

Shares of Celestica stock opened at $100.46 on Thursday. Celestica Inc. has a 52 week low of $32.55 and a 52 week high of $131.23. 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 stock has a market cap of $11.69 billion, a PE ratio of 31.89 and a beta of 2.25. The company’s 50-day moving average price is $97.35 and its two-hundred day moving average price is $71.46.

Insider Buying and Selling

In related news, Director Michael Wilson sold 25,000 shares of Celestica stock in a transaction 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 1.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CLS shares. BMO Capital Markets lifted their price objective on shares of Celestica from $64.00 to $72.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. TD Securities increased their price objective on Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a report on Tuesday. Canaccord Genuity Group lifted their target price on Celestica from $77.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on Celestica from $75.00 to $115.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 8th. Finally, Barclays initiated coverage on shares of Celestica in a research note on Tuesday, November 5th. They set an “overweight” rating and a $91.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $84.82.

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.