Wealth Enhancement Advisory Services LLC Takes $218,000 Position in Celestica Inc. (NYSE:CLS)

Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,802 shares of the technology company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Roman Butler Fullerton & Co. bought a new stake in Celestica during the 2nd quarter valued at $1,399,000. SG Americas Securities LLC increased its position in shares of Celestica by 276.6% during the second quarter. SG Americas Securities LLC now owns 18,935 shares of the technology company’s stock worth $1,086,000 after purchasing an additional 13,907 shares in the last quarter. Wolff Wiese Magana LLC increased its position in shares of Celestica by 32.1% during the second quarter. Wolff Wiese Magana LLC now owns 700 shares of the technology company’s stock worth $40,000 after purchasing an additional 170 shares in the last quarter. Csenge Advisory Group purchased a new stake in shares of Celestica during the 2nd quarter valued at $371,000. Finally, Naples Money Management LLC boosted its position in shares of Celestica by 90.0% in the 2nd quarter. Naples Money Management LLC now owns 950 shares of the technology company’s stock worth $55,000 after purchasing an additional 450 shares in the last quarter. 67.38% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus raised their price target on Celestica from $51.00 to $58.00 and gave the stock a “hold” rating in a report on Friday, July 26th. CIBC lifted their target price on shares of Celestica from $58.00 to $60.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Fox Advisors initiated coverage on shares of Celestica in a research report on Wednesday, May 15th. They set an “overweight” rating and a $60.00 target price on the stock. StockNews.com cut shares of Celestica from a “buy” rating to a “hold” rating in a report on Friday, August 2nd. Finally, Canaccord Genuity Group boosted their price objective on shares of Celestica from $53.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $58.38.

Celestica Stock Performance

CLS opened at $50.33 on Wednesday. The firm has a fifty day moving average price of $54.37 and a 200 day moving average price of $49.84. Celestica Inc. has a 1 year low of $20.87 and a 1 year high of $63.49. The stock has a market cap of $5.98 billion, a P/E ratio of 18.78 and a beta of 2.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.47 and a quick ratio of 0.86.

Celestica (NYSE:CLS) (TSE:CLS) last issued its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.10. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celestica had a net margin of 4.16% and a return on equity of 19.96%. The company’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.55 earnings per share. Equities research analysts anticipate that Celestica Inc. will post 3.22 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.