Stratos Wealth Partners LTD. Acquires Shares of 7,294 Celestica Inc. (NYSE:CLS)

Stratos Wealth Partners LTD. acquired a new stake in shares of Celestica Inc. (NYSE:CLS) (TSE:CLS) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,294 shares of the technology company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. CloudAlpha Capital Management Limited Hong Kong bought a new position in Celestica during the third quarter valued at $1,422,000. Jetstream Capital LLC bought a new position in shares of Celestica in the third quarter worth $2,452,000. American Century Companies Inc. boosted its holdings in shares of Celestica by 82.4% in the third quarter. American Century Companies Inc. now owns 374,693 shares of the technology company’s stock worth $9,170,000 after acquiring an additional 169,277 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Celestica in the third quarter worth $34,000. Finally, Vanguard Group Inc. boosted its holdings in shares of Celestica by 1.3% in the third quarter. Vanguard Group Inc. now owns 3,704,369 shares of the technology company’s stock worth $90,831,000 after acquiring an additional 47,619 shares during the period. 67.38% of the stock is owned by institutional investors.

Celestica Trading Up 3.1 %

NYSE CLS opened at $45.71 on Wednesday. The stock’s 50-day simple moving average is $43.77 and its two-hundred day simple moving average is $33.47. Celestica Inc. has a twelve month low of $10.50 and a twelve month high of $51.12. The company has a quick ratio of 0.75, a current ratio of 1.40 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $5.45 billion, a price-to-earnings ratio of 22.52 and a beta of 2.22.

Celestica (NYSE:CLS) (TSE:CLS) last released its quarterly earnings results on Monday, January 29th. The technology company reported $0.76 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.08. Celestica had a return on equity of 17.09% and a net margin of 3.07%. The business had revenue of $2.14 billion for the quarter, compared to the consensus estimate of $2.08 billion. Research analysts forecast that Celestica Inc. will post 2.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CLS shares. Canaccord Genuity Group raised their price target on Celestica from $32.50 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, January 31st. BMO Capital Markets raised their price target on Celestica from $32.00 to $37.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Royal Bank of Canada raised their price target on Celestica from $33.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. StockNews.com lowered Celestica from a “buy” rating to a “hold” rating in a research note on Wednesday, February 28th. Finally, CIBC lifted their price objective on Celestica from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.88.

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.