Wealth Enhancement Advisory Services LLC Buys 11,772 Shares of Celestica, Inc. $CLS

Wealth Enhancement Advisory Services LLC raised its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 130.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,807 shares of the technology company’s stock after buying an additional 11,772 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Celestica were worth $4,948,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB increased its position in shares of Celestica by 42.5% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 124 shares of the technology company’s stock worth $31,000 after buying an additional 37 shares during the period. First Horizon Corp bought a new position in shares of Celestica in the 3rd quarter worth about $31,000. Golden State Wealth Management LLC lifted its stake in shares of Celestica by 102.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 164 shares of the technology company’s stock valued at $26,000 after purchasing an additional 83 shares during the period. Avion Wealth acquired a new stake in Celestica during the third quarter worth approximately $40,000. Finally, McIlrath & Eck LLC lifted its stake in Celestica by 43.3% in the third quarter. McIlrath & Eck LLC now owns 182 shares of the technology company’s stock valued at $45,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 67.38% of the company’s stock.

Celestica Stock Up 1.6%

Shares of NYSE:CLS opened at $308.04 on Tuesday. The business’s 50 day moving average is $309.44 and its 200 day moving average is $263.74. Celestica, Inc. has a 12-month low of $58.05 and a 12-month high of $363.40. The stock has a market cap of $35.44 billion, a price-to-earnings ratio of 50.01 and a beta of 1.87. The company has a quick ratio of 0.88, a current ratio of 1.47 and a debt-to-equity ratio of 0.37.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, October 27th. The technology company reported $1.58 EPS for the quarter, beating analysts’ consensus estimates of $1.45 by $0.13. Celestica had a return on equity of 30.53% and a net margin of 6.35%.The business had revenue of $3.19 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the prior year, the firm posted $1.04 EPS. Celestica’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Barclays raised their price target on shares of Celestica from $357.00 to $359.00 and gave the stock an “overweight” rating in a report on Friday, November 14th. CIBC boosted their target price on Celestica from $315.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, October 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Celestica in a research note on Wednesday, January 21st. UBS Group raised their price objective on Celestica from $208.00 to $350.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Finally, Wall Street Zen raised Celestica from a “hold” rating to a “buy” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $340.75.

Insider Buying and Selling at Celestica

In other news, Director Laurette T. Koellner purchased 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were acquired at an average cost of $341.67 per share, for a total transaction of $2,050,020.00. Following the completion of the acquisition, the director owned 6,000 shares in the company, valued at $2,050,020. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is owned by insiders.

About Celestica

Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.

The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.