Buck Wealth Strategies LLC Has $970,000 Position in Celestica, Inc. $CLS

Buck Wealth Strategies LLC grew its stake in Celestica, Inc. (NYSE:CLS) (TSE:CLS) by 108.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,939 shares of the technology company’s stock after purchasing an additional 2,048 shares during the quarter. Buck Wealth Strategies LLC’s holdings in Celestica were worth $970,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Thompson Davis & CO. Inc. bought a new stake in shares of Celestica in the second quarter valued at approximately $328,000. Y Intercept Hong Kong Ltd raised its holdings in Celestica by 406.3% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 52,606 shares of the technology company’s stock valued at $8,212,000 after acquiring an additional 42,215 shares in the last quarter. Light Street Capital Management LLC bought a new stake in shares of Celestica during the 2nd quarter valued at $26,422,000. TD Waterhouse Canada Inc. grew its holdings in shares of Celestica by 2.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 150,422 shares of the technology company’s stock worth $22,356,000 after purchasing an additional 3,221 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Celestica by 144.5% during the 3rd quarter. SG Americas Securities LLC now owns 15,940 shares of the technology company’s stock worth $3,927,000 after purchasing an additional 9,420 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of analyst reports. TD Cowen reaffirmed a “hold” rating on shares of Celestica in a research note on Friday. JPMorgan Chase & Co. boosted their target price on shares of Celestica from $295.00 to $360.00 and gave the company an “overweight” rating in a research report on Wednesday, October 29th. UBS Group increased their price target on shares of Celestica from $208.00 to $350.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 29th. Citigroup decreased their price objective on shares of Celestica from $375.00 to $338.00 and set a “buy” rating on the stock in a research note on Friday. Finally, Zacks Research cut Celestica from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Fifteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Celestica currently has an average rating of “Moderate Buy” and a consensus price target of $356.59.

Celestica Price Performance

CLS stock opened at $285.18 on Tuesday. The stock has a market cap of $32.81 billion, a price-to-earnings ratio of 39.72 and a beta of 1.86. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.47 and a quick ratio of 0.88. The company has a 50 day simple moving average of $310.36 and a 200 day simple moving average of $268.93. Celestica, Inc. has a 1 year low of $58.05 and a 1 year high of $363.40.

Celestica Company Profile

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.