Atria Wealth Solutions Inc. Purchases 1,748 Shares of Celestica, Inc. (NYSE:CLS)

Atria Wealth Solutions Inc. grew its position in shares of Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 75.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,075 shares of the technology company’s stock after purchasing an additional 1,748 shares during the period. Atria Wealth Solutions Inc.’s holdings in Celestica were worth $321,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in Celestica during the first quarter worth about $26,000. ORG Partners LLC bought a new stake in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. purchased a new position in shares of Celestica in the first quarter worth about $30,000. Bessemer Group Inc. purchased a new position in shares of Celestica in the fourth quarter worth about $42,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Celestica by 1,516.7% in 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 during the period. Institutional investors own 67.38% of the company’s stock.

Celestica Stock Down 0.6%

Shares of NYSE:CLS opened at $195.51 on Friday. Celestica, Inc. has a 1 year low of $40.65 and a 1 year high of $218.80. The company has a market cap of $22.49 billion, a PE ratio of 42.32 and a beta of 1.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock’s 50-day moving average is $164.44 and its 200 day moving average is $122.90.

Celestica (NYSE:CLS) (TSE:CLS) last posted its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%. The firm had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the business earned $0.91 EPS. The business’s revenue for the quarter was up 21.0% on a year-over-year basis. Sell-side analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current year.

Analyst Ratings Changes

CLS has been the topic of several analyst reports. BNP Paribas upgraded Celestica to a “strong-buy” rating in a report on Wednesday, June 11th. UBS Group reiterated a “neutral” rating and issued a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Argus decreased their price objective on Celestica from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Tuesday, April 29th. Wall Street Zen upgraded Celestica from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Finally, Barclays lifted their price objective on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $168.92.

Celestica 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.