Fruth Investment Management Invests $286,000 in Celestica Inc. (NYSE:CLS)

Fruth Investment Management bought a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 3,100 shares of the technology company’s stock, valued at approximately $286,000.

Several other large investors have also recently made changes to their positions in CLS. Choreo LLC purchased a new stake in shares of Celestica during the fourth quarter valued at $352,000. Stratos Wealth Partners LTD. boosted its holdings in shares of Celestica by 22.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 47,080 shares of the technology company’s stock valued at $4,346,000 after acquiring an additional 8,487 shares during the last quarter. Calamos Advisors LLC grew its stake in shares of Celestica by 152.6% in the fourth quarter. Calamos Advisors LLC now owns 18,852 shares of the technology company’s stock worth $1,740,000 after acquiring an additional 11,390 shares during the period. Spire Wealth Management purchased a new position in shares of Celestica during the fourth quarter valued at approximately $189,000. Finally, DAVENPORT & Co LLC bought a new position in Celestica during the fourth quarter valued at approximately $342,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Up 8.8 %

NYSE:CLS opened at $143.53 on Thursday. The company’s 50-day simple moving average is $101.31 and its 200-day simple moving average is $73.83. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. Celestica Inc. has a fifty-two week low of $35.56 and a fifty-two week high of $144.27. The stock has a market capitalization of $16.70 billion, a P/E ratio of 38.38 and a beta of 2.27.

Insiders Place Their Bets

In other news, CEO Robert Mionis sold 441,325 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the completion of the transaction, the chief executive officer now owns 531,417 shares of the company’s stock, valued at $64,981,670.76. The trade was a 45.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Mandeep Chawla sold 9,483 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were sold at an average price of $127.54, for a total value of $1,209,461.82. Following the completion of the transaction, the chief financial officer now directly owns 90,771 shares of the company’s stock, valued at $11,576,933.34. The trade was a 9.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 819,381 shares of company stock valued at $100,109,569. Insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CLS shares. 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. Barclays lifted their price objective on Celestica from $91.00 to $139.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Stifel Nicolaus began coverage on shares of Celestica in a report on Tuesday. They issued a “buy” rating and a $140.00 target price for the company. UBS Group began coverage on shares of Celestica in a report on Friday, November 22nd. They set a “neutral” rating and a $95.00 price target on the stock. Finally, Cibc World Mkts raised shares of Celestica from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Celestica presently has an average rating of “Moderate Buy” and a consensus target price of $103.27.

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.