Wealth Enhancement Advisory Services LLC Boosts Holdings in Celestica, Inc. (NYSE:CLS)

Wealth Enhancement Advisory Services LLC raised its holdings in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 66.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 7,334 shares of the technology company’s stock after acquiring an additional 2,941 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Celestica were worth $578,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Celestica in the first quarter valued at $26,000. Pinpoint Asset Management Ltd boosted its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after buying an additional 182 shares in the last quarter. Bessemer Group Inc. purchased a new stake in Celestica during the fourth quarter worth $42,000. Farther Finance Advisors LLC boosted its holdings in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company’s stock worth $54,000 after buying an additional 637 shares in the last quarter. Finally, Anchor Investment Management LLC boosted its holdings in Celestica by 1,134.6% during the fourth quarter. Anchor Investment Management LLC now owns 1,000 shares of the technology company’s stock worth $92,000 after buying an additional 919 shares in the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. BNP Paribas raised shares of Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. CIBC lowered their price target on shares of Celestica from $150.00 to $120.00 and set an “outperformer” rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets reissued an “outperform” rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Royal Bank Of Canada reissued an “outperform” rating and set a $120.00 price target on shares of Celestica in a report on Monday, April 28th. Finally, Argus lowered their price target on shares of Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $116.64.

Celestica Price Performance

Shares of NYSE CLS opened at $160.56 on Friday. The firm has a 50-day simple moving average of $120.75 and a 200-day simple moving average of $106.65. The stock has a market capitalization of $18.46 billion, a price-to-earnings ratio of 44.23 and a beta of 1.81. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. Celestica, Inc. has a 52 week low of $40.25 and a 52 week high of $160.63.

Celestica (NYSE:CLS) (TSE:CLS) last issued its earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analysts’ expectations of $2.56 billion. Celestica had a net margin of 4.26% and a return on equity of 25.57%. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.83 earnings per share. On average, equities analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

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.