Rezny Wealth Management Inc. Makes New $1.24 Million Investment in Celestica, Inc. (NYSE:CLS)

Key Points

• Rezny Wealth Management Inc. has made a new investment of approximately $1.24 million in Celestica, Inc., acquiring 15,666 shares during the first quarter.
• Analysts have raised their price targets for Celestica, with JPMorgan Chase increasing their target from $170.00 to $225.00, and Barclays from $146.00 to $220.00, reflecting strong confidence in the stock.
• As of the latest reports, Celestica's stock has a market capitalization of $23.11 billion and is currently trading at around $200.93 with a 1-year high of $214.47.

Rezny Wealth Management Inc. bought a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,666 shares of the technology company's stock, valued at approximately $1,235,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Vanguard Group Inc. raised its holdings in shares of Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after buying an additional 35,690 shares during the period. Invesco Ltd. raised its holdings in shares of Celestica by 20.2% in the 4th quarter. Invesco Ltd. now owns 2,942,816 shares of the technology company's stock valued at $271,622,000 after buying an additional 494,542 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Celestica by 49.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock valued at $200,601,000 after buying an additional 719,805 shares during the period. Polar Capital Holdings Plc raised its holdings in shares of Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after buying an additional 1,433,681 shares during the period. Finally, Capital World Investors raised its holdings in shares of Celestica by 40.3% in the 4th quarter. Capital World Investors now owns 1,313,420 shares of the technology company's stock valued at $121,229,000 after buying an additional 377,246 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

NYSE CLS traded up $7.85 during trading on Tuesday, reaching $212.45. The company's stock had a trading volume of 1,845,466 shares, compared to its average volume of 4,382,041. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The firm has a market cap of $24.44 billion, a price-to-earnings ratio of 45.93 and a beta of 1.80. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $214.47. The business's fifty day moving average price is $157.87 and its 200-day moving average price is $120.23.

Wall Street Analyst Weigh In

CLS has been the topic of several recent research reports. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Argus cut their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Tuesday, April 29th. CIBC cut their price target on Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating and set a $130.00 price target (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Celestica has a consensus rating of "Buy" and a consensus 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.