Legacy Wealth Asset Management LLC Purchases Shares of 4,832 Celestica Inc. (NYSE:CLS)

Legacy Wealth Asset Management LLC acquired a new stake in Celestica Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,832 shares of the technology company's stock, valued at approximately $381,000.

A number of other large investors have also recently added to or reduced their stakes in CLS. Barclays PLC lifted its holdings in Celestica by 151.3% in the third quarter. Barclays PLC now owns 51,848 shares of the technology company's stock valued at $2,651,000 after acquiring an additional 31,219 shares during the last quarter. SG Americas Securities LLC acquired a new position in Celestica in the fourth quarter valued at approximately $162,000. R Squared Ltd acquired a new position in Celestica in the fourth quarter valued at approximately $51,000. China Universal Asset Management Co. Ltd. acquired a new position in Celestica in the fourth quarter valued at approximately $785,000. Finally, DAVENPORT & Co LLC acquired a new position in Celestica in the fourth quarter valued at approximately $342,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Stock Down 0.6%

Shares of Celestica stock traded down $0.68 during trading hours on Thursday, reaching $119.22. 2,910,637 shares of the company were exchanged, compared to its average volume of 3,262,149. Celestica Inc. has a 1 year low of $40.25 and a 1 year high of $144.27. The stock's fifty day moving average is $95.51 and its 200 day moving average is $99.44. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.87 and a current ratio of 1.47. The firm has a market cap of $13.78 billion, a PE ratio of 31.88 and a beta of 1.65.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. Celestica had a return on equity of 23.34% and a net margin of 4.61%. The company had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.56 billion. During the same period last year, the firm earned $0.83 earnings per share. Celestica's quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities research analysts forecast that Celestica Inc. will post 4.35 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have commented on CLS. Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. JPMorgan Chase & Co. upped their price target on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. Royal Bank of Canada restated an "outperform" rating and set a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Finally, Barclays decreased their price target on Celestica from $157.00 to $126.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $114.82.

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.