15,706 Shares in Celestica, Inc. (NYSE:CLS) Bought by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC acquired 15,706 shares of Celestica, valued at approximately $1,238,000, indicating growing institutional interest in the technology company.
• Celestica's stock has experienced significant price fluctuations, recently having a fifty-two week low of $40.65 and a high of $214.47.
• Prominent analysts have set target prices for Celestica, with a consensus rating of "Buy" and a price target averaging $168.92, reflecting positive growth expectations for the company.

Exencial Wealth Advisors LLC purchased a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,706 shares of the technology company's stock, valued at approximately $1,238,000.

Other hedge funds also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new stake in shares of Celestica during the first quarter worth approximately $26,000. ORG Partners LLC acquired a new position in Celestica during the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. purchased a new stake in shares of Celestica in the 1st quarter valued at approximately $30,000. Bessemer Group Inc. acquired a new stake in shares of Celestica in the 4th quarter valued at $42,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of CLS opened at $200.93 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $214.47. The firm has a 50-day simple moving average of $154.25 and a 200-day simple moving average of $119.07. The company has a market capitalization of $23.11 billion, a price-to-earnings ratio of 43.49 and a beta of 1.80.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Citigroup raised their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Barclays raised their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. CIBC decreased their target price on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Finally, Royal Bank Of Canada boosted their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Celestica currently 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.

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