Stratos Wealth Partners LTD. Buys 4,870 Shares of Celestica, Inc. (NYSE:CLS)

Stratos Wealth Partners LTD. increased its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 51,950 shares of the technology company's stock after buying an additional 4,870 shares during the period. Stratos Wealth Partners LTD.'s holdings in Celestica were worth $4,094,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Rothschild Investment LLC purchased a new stake in Celestica during the first quarter worth about $26,000. Pinpoint Asset Management Ltd increased its holdings in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company's stock worth $32,000 after buying an additional 182 shares during the last quarter. ORG Partners LLC bought a new position in Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. bought a new position in Celestica during the first quarter worth about $30,000. Finally, Bessemer Group Inc. bought a new position in Celestica during the fourth quarter worth about $42,000. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CLS. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Argus cut their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. JPMorgan Chase & Co. increased their target price on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research report on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Finally, Barclays restated an "overweight" rating and issued a $146.00 price objective (up from $126.00) on shares of Celestica in a research report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $116.64.

Celestica Price Performance

NYSE:CLS traded down $2.11 during midday trading on Thursday, hitting $158.80. The company had a trading volume of 3,545,403 shares, compared to its average volume of 3,402,850. Celestica, Inc. has a 52-week low of $40.25 and a 52-week high of $164.00. The stock's fifty day moving average price is $124.97 and its 200-day moving average price is $107.96. The company has a market capitalization of $18.26 billion, a PE ratio of 43.75 and a beta of 1.81. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59.

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

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.