Wealth Enhancement Advisory Services LLC Buys 2,941 Shares of Celestica, Inc. (NYSE:CLS)

Wealth Enhancement Advisory Services LLC grew its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 66.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,334 shares of the technology company's stock after purchasing an additional 2,941 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Celestica were worth $578,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. FMR LLC boosted its stake in shares of Celestica by 91.2% during the fourth quarter. FMR LLC now owns 11,688,700 shares of the technology company's stock valued at $1,078,804,000 after purchasing an additional 5,574,342 shares in the last quarter. FIL Ltd boosted its stake in shares of Celestica by 5,976.1% during the fourth quarter. FIL Ltd now owns 3,463,729 shares of the technology company's stock valued at $319,662,000 after purchasing an additional 3,406,723 shares in the last quarter. Norges Bank bought a new position in shares of Celestica during the fourth quarter valued at approximately $139,008,000. Polar Capital Holdings Plc boosted its stake in shares of Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after purchasing an additional 1,433,681 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in shares of Celestica by 64.6% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,572,988 shares of the technology company's stock valued at $329,460,000 after purchasing an additional 1,401,877 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Celestica Stock Up 3.7%

NYSE:CLS opened at $160.56 on Friday. The company has a market cap of $18.46 billion, a PE ratio of 44.23 and a beta of 1.81. Celestica, Inc. has a twelve month low of $40.25 and a twelve month high of $160.63. The company has a current ratio of 1.43, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59. The company's 50 day moving average is $120.75 and its two-hundred day moving average is $106.65.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CLS shares. CIBC dropped their price objective on shares of Celestica from $150.00 to $120.00 and set an "outperformer" rating on the stock in a research note on Tuesday, April 15th. JPMorgan Chase & Co. boosted their price objective on shares of Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a research note on Monday, April 28th. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Royal Bank Of Canada reiterated an "outperform" rating and set a $120.00 price objective on shares of Celestica in a research note on Monday, April 28th. Finally, Argus reduced 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. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $116.64.

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.

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