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

Stratos Wealth Partners LTD. increased its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 10.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CLS. FMR LLC raised its position in Celestica by 91.2% in the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock worth $1,078,804,000 after acquiring an additional 5,574,342 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Celestica by 64.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock worth $329,460,000 after buying an additional 1,401,877 shares in the last quarter. FIL Ltd boosted its position in shares of Celestica by 5,976.1% in the 4th 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 in the last quarter. Invesco Ltd. boosted its position 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 worth $271,622,000 after buying an additional 494,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position 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 worth $200,601,000 after buying an additional 719,805 shares in the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Argus dropped their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. CIBC dropped their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating for the company in a research note on Tuesday, April 15th. Finally, BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $116.64.

Celestica Stock Performance

NYSE CLS traded up $2.25 during trading hours on Friday, hitting $161.08. The company had a trading volume of 2,183,425 shares, compared to its average volume of 3,409,155. Celestica, Inc. has a fifty-two week low of $40.25 and a fifty-two week high of $163.95. The company has a quick ratio of 0.85, a current ratio of 1.43 and a debt-to-equity ratio of 0.59. The business has a fifty day simple moving average of $127.70 and a 200-day simple moving average of $108.82. The firm has a market cap of $18.52 billion, a P/E ratio of 44.37 and a beta of 1.81.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Thursday, April 24th. The technology company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.10. The company had revenue of $2.65 billion for 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 quarterly revenue was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. Equities analysts predict that Celestica, Inc. will post 4.35 EPS 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.