Wealth Enhancement Advisory Services LLC Buys Shares of 4,393 Celestica, Inc. (NYSE:CLS)

Wealth Enhancement Advisory Services LLC bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 4,393 shares of the technology company's stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of Celestica during the fourth quarter worth about $47,685,000. Schechter Investment Advisors LLC bought a new position in Celestica in the 4th quarter worth approximately $294,000. Mackenzie Financial Corp grew its holdings in Celestica by 39.3% during the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after buying an additional 214,872 shares in the last quarter. American Century Companies Inc. grew its holdings in Celestica by 16.4% during the 4th quarter. American Century Companies Inc. now owns 219,062 shares of the technology company's stock valued at $20,217,000 after buying an additional 30,851 shares in the last quarter. Finally, Plato Investment Management Ltd raised its position in shares of Celestica by 183.6% during the fourth quarter. Plato Investment Management Ltd now owns 10,454 shares of the technology company's stock valued at $968,000 after buying an additional 6,768 shares during the last quarter. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Trading Up 3.3%

Shares of NYSE:CLS traded up $4.22 during trading on Tuesday, hitting $132.46. The company had a trading volume of 3,004,470 shares, compared to its average volume of 3,307,150. The stock has a market cap of $15.31 billion, a price-to-earnings ratio of 36.49 and a beta of 1.74. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.43 and a quick ratio of 0.85. The company has a fifty day simple moving average of $103.97 and a two-hundred day simple moving average of $101.73. Celestica, Inc. has a one year low of $40.25 and a one year high of $144.27.

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, beating the consensus estimate of $1.10 by $0.10. The firm had revenue of $2.65 billion for the quarter, compared to the consensus estimate of $2.56 billion. Celestica had a return on equity of 25.57% and a net margin of 4.26%. The company's revenue for the quarter was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS. As a group, equities analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated 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. 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 report on Tuesday, April 15th. JPMorgan Chase & Co. lifted their target price on Celestica from $105.00 to $115.00 and gave the stock an "overweight" rating in a report on Monday, April 28th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $120.00 price target on shares of Celestica in a research note on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target 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.