Mark Sheptoff Financial Planning LLC Boosts Stock Position in Celestica Inc. (NYSE:CLS)

Mark Sheptoff Financial Planning LLC increased its position in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 41.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,985 shares of the technology company’s stock after acquiring an additional 8,485 shares during the quarter. Celestica comprises about 1.4% of Mark Sheptoff Financial Planning LLC’s holdings, making the stock its 19th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in Celestica were worth $2,675,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Cerity Partners LLC raised its holdings in shares of Celestica by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 10,772 shares of the technology company’s stock valued at $551,000 after buying an additional 338 shares in the last quarter. Larson Financial Group LLC purchased a new stake in Celestica in the third quarter worth about $204,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Celestica during the 3rd quarter valued at $1,635,000. Independent Advisor Alliance increased its stake in shares of Celestica by 39.5% during the third quarter. Independent Advisor Alliance now owns 29,509 shares of the technology company’s stock valued at $1,508,000 after purchasing an additional 8,359 shares in the last quarter. Finally, Mirabella Financial Services LLP bought a new position in Celestica during the 3rd quarter valued at approximately $959,000. 67.38% of the stock is owned by institutional investors.

Insider Activity at Celestica

In related news, CEO Robert Mionis sold 75,000 shares of Celestica stock in a transaction on Wednesday, February 5th. The shares were sold at an average price of $141.29, for a total value of $10,596,750.00. Following the completion of the sale, the chief executive officer now owns 456,417 shares in the company, valued at approximately $64,487,157.93. The trade was a 14.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alok K. Agrawal sold 6,826 shares of the stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the transaction, the insider now directly owns 9,224 shares in the company, valued at $1,235,278.08. The trade was a 42.53 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 959,381 shares of company stock worth $119,142,019. 1.00% of the stock is currently owned by corporate insiders.

Celestica Trading Down 2.6 %

Shares of CLS stock opened at $97.37 on Wednesday. The firm has a 50-day moving average price of $109.73 and a 200 day moving average price of $87.11. 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 company has a market capitalization of $11.29 billion, a price-to-earnings ratio of 26.03 and a beta of 2.21. Celestica Inc. has a twelve month low of $40.25 and a twelve month high of $144.27.

Analyst Upgrades and Downgrades

CLS has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Celestica from $140.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, February 19th. CIBC raised shares of Celestica from a “neutral” rating to a “sector outperform” rating and set a $150.00 price objective for the company in a report on Friday, January 31st. JPMorgan Chase & Co. assumed coverage on shares of Celestica in a research report on Friday, February 21st. They issued an “overweight” rating and a $166.00 price objective on the stock. Royal Bank of Canada lifted their target price on Celestica from $115.00 to $140.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, TD Securities lifted their price objective 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 assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $110.83.

Celestica Company 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.