Straight Path Wealth Management Acquires Shares of 2,850 Celestica, Inc. (NYSE:CLS)

Straight Path Wealth Management acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,850 shares of the technology company's stock, valued at approximately $225,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rothschild Investment LLC bought a new position in Celestica during the first quarter valued at approximately $26,000. ORG Partners LLC bought a new position in Celestica during the first quarter valued at approximately $29,000. Center for Financial Planning Inc. bought a new position in Celestica during the first quarter valued at approximately $30,000. Pinpoint Asset Management Ltd grew its position in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock valued at $32,000 after acquiring an additional 182 shares during the last quarter. Finally, Bessemer Group Inc. bought a new position in Celestica during the fourth quarter valued at approximately $42,000. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Up 3.7%

Celestica stock traded up $5.66 on Friday, hitting $160.56. 2,227,845 shares of the stock traded hands, compared to its average volume of 3,387,199. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The firm has a market cap of $18.46 billion, a P/E ratio of 44.23 and a beta of 1.81. The business's fifty day simple moving average is $120.75 and its 200 day simple moving average is $106.85. Celestica, Inc. has a 1 year low of $40.25 and a 1 year high of $160.63.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating the consensus estimate of $1.10 by $0.10. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The company's revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.83 earnings per share. As a group, sell-side analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

CLS has been the subject of a number of analyst reports. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. CIBC dropped their price objective on Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Royal Bank Of Canada reissued an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Argus dropped their price objective on Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Finally, Barclays reissued an "overweight" rating and set a $146.00 price objective (up previously from $126.00) on shares of Celestica in a research note on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Celestica has an average rating of "Buy" and a consensus price target of $116.64.

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.