HMS Capital Management LLC Buys Shares of 3,999 Celestica, Inc. $CLS

Key Points

• HMS Capital Management LLC acquired 3,999 shares of Celestica, Inc. in Q1, valued at approximately $315,000, indicating increasing interest from institutional investors.
• Analysts have issued varying ratings and price targets for Celestica, with Barclays raising the price target to $220.00 and Royal Bank of Canada to $225.00, reflecting positive market sentiment.
• Celestica reported a strong earnings performance, with an EPS of $1.39 for the last quarter, surpassing estimates and showing a 21% increase in year-over-year revenue.

HMS Capital Management LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,999 shares of the technology company's stock, valued at approximately $315,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Carmignac Gestion bought a new position in shares of Celestica during the first quarter worth approximately $21,397,000. Banco Bilbao Vizcaya Argentaria S.A. bought a new position in shares of Celestica during the first quarter worth approximately $767,000. Hsbc Holdings PLC increased its stake in shares of Celestica by 655.4% during the first quarter. Hsbc Holdings PLC now owns 23,756 shares of the technology company's stock worth $1,874,000 after purchasing an additional 20,611 shares during the period. Quantbot Technologies LP increased its stake in shares of Celestica by 76.0% during the first quarter. Quantbot Technologies LP now owns 41,598 shares of the technology company's stock worth $3,278,000 after purchasing an additional 17,968 shares during the period. Finally, Wellington Management Group LLP increased its stake in shares of Celestica by 39.4% during the first quarter. Wellington Management Group LLP now owns 407,297 shares of the technology company's stock worth $32,100,000 after purchasing an additional 115,156 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CLS. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. Argus lowered their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. Royal Bank Of Canada increased their target price on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Barclays increased their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, CICC Research initiated coverage on Celestica in a research note on Tuesday. They set an "outperform" rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $168.92.

Celestica Price Performance

Celestica stock traded up $7.8990 during mid-day trading on Friday, reaching $189.2390. 2,860,480 shares of the company were exchanged, compared to its average volume of 3,980,060. The company has a fifty day simple moving average of $170.54 and a 200-day simple moving average of $125.26. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm has a market cap of $21.77 billion, a PE ratio of 40.96 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company's revenue was up 21.0% on a year-over-year basis. During the same quarter last year, the company earned $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

About Celestica

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.