Avantax Advisory Services Inc. Grows Stock Holdings in Celestica, Inc. (NYSE:CLS)

Avantax Advisory Services Inc. increased its position in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 49.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,895 shares of the technology company’s stock after buying an additional 6,612 shares during the period. Avantax Advisory Services Inc.’s holdings in Celestica were worth $1,568,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. CoreCap Advisors LLC boosted its position in shares of Celestica by 5.4% during the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company’s stock worth $162,000 after acquiring an additional 90 shares during the last quarter. First National Bank of Hutchinson lifted its stake in Celestica by 2.5% in the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company’s stock worth $387,000 after purchasing an additional 120 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company’s stock valued at $78,000 after purchasing an additional 123 shares during the last quarter. Csenge Advisory Group boosted its holdings in shares of Celestica by 7.1% during the 1st quarter. Csenge Advisory Group now owns 2,593 shares of the technology company’s stock valued at $218,000 after purchasing an additional 171 shares during the last quarter. Finally, Pinpoint Asset Management Ltd grew its position in shares of Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock valued at $32,000 after purchasing an additional 182 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CLS. BNP Paribas upgraded Celestica to a “strong-buy” rating in a research report on Wednesday, June 11th. Barclays lifted their price objective on Celestica from $146.00 to $220.00 and gave the stock an “overweight” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their target price on Celestica from $170.00 to $225.00 and gave the company an “overweight” rating in a research report on Wednesday. Argus cut their target price on shares of Celestica from $150.00 to $120.00 and set a “buy” rating for the company in a report on Tuesday, April 29th. Finally, CIBC decreased their price target 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. Three investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.92.

Celestica Price Performance

Celestica stock opened at $199.98 on Friday. The firm has a market capitalization of $23.00 billion, a PE ratio of 43.29 and a beta of 1.81. Celestica, Inc. has a 12-month low of $40.25 and a 12-month high of $214.47. The firm has a 50-day moving average price of $144.61 and a 200-day moving average price of $115.31. The company has a current ratio of 1.44, a quick ratio of 0.85 and a debt-to-equity ratio of 0.48.

Celestica 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.