Celestica, Inc. (NYSE:CLS) Shares Acquired by Avantax Advisory Services Inc.

Key Points

• Avantax Advisory Services Inc. has increased its holdings in Celestica, Inc. by 49.8% during the first quarter, owning a total of 19,895 shares valued at approximately $1,568,000.
• Several institutional investors, including CoreCap Advisors LLC and Pinpoint Asset Management Ltd, have also boosted their positions in Celestica, contributing to institutional ownership of 67.38% of the company’s stock.
• Analysts have given Celestica a consensus rating of "Moderate Buy" with an average price target of $168.92, following upgrades from firms like BNP Paribas and Barclays.

Avantax Advisory Services Inc. raised its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 49.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,895 shares of the technology company's stock after purchasing an additional 6,612 shares during the period. Avantax Advisory Services Inc.'s holdings in Celestica were worth $1,568,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC boosted its stake in Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after buying an additional 5,574,342 shares during the last quarter. FIL Ltd boosted its stake in Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock worth $319,662,000 after buying an additional 3,406,723 shares during the last quarter. Polar Capital Holdings Plc boosted its stake in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the last quarter. Balyasny Asset Management L.P. boosted its stake in Celestica by 799.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock worth $74,044,000 after buying an additional 916,991 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Celestica by 290.4% during the fourth quarter. Franklin Resources Inc. now owns 1,080,568 shares of the technology company's stock worth $99,735,000 after buying an additional 803,780 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Celestica Stock Down 2.5%

NYSE CLS traded down $5.02 on Friday, hitting $194.84. 4,540,278 shares of the stock were exchanged, compared to its average volume of 3,943,369. The company has a quick ratio of 0.85, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $214.47. The company has a market cap of $22.40 billion, a PE ratio of 42.17 and a beta of 1.80. The company has a 50-day moving average price of $147.75 and a 200-day moving average price of $116.63.

Wall Street Analysts Forecast Growth

CLS has been the topic of a number of recent research reports. BNP Paribas raised Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Royal Bank Of Canada lifted their target price on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday. Argus reduced their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Barclays lifted their target price on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Citigroup lifted their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $168.92.

About Celestica

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.