Advisors Asset Management Inc. Raises Stock Holdings in Celestica, Inc. $CLS

Key Points

• Advisors Asset Management Inc. increased its position in Celestica, Inc. by 43.2%, owning 75,732 shares worth approximately $5.97 million as of their latest SEC filing.
• Multiple hedge funds have significantly increased their holdings in Celestica, with hedge funds collectively owning 67.38% of the company’s stock.
• Celestica reported a 21.0% year-over-year increase in revenue for the quarter, with an EPS of $1.39, surpassing analysts' expectations of $1.23.

Advisors Asset Management Inc. grew its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 43.2% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 75,732 shares of the technology company's stock after buying an additional 22,842 shares during the period. Advisors Asset Management Inc. owned approximately 0.07% of Celestica worth $5,968,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Polar Capital Holdings Plc grew its stake in Celestica by 822.6% during the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after buying an additional 1,433,681 shares during the last quarter. Alkeon Capital Management LLC acquired a new position in Celestica in the first quarter valued at approximately $96,936,000. BNP Paribas Financial Markets acquired a new position in Celestica in the fourth quarter valued at approximately $51,043,000. JAT Capital Mgmt LP bought a new position in shares of Celestica during the first quarter worth $40,077,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in shares of Celestica by 640.3% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 475,439 shares of the technology company's stock worth $37,511,000 after purchasing an additional 411,213 shares in the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Stock Down 0.1%

CLS traded down $0.34 during trading on Tuesday, hitting $243.99. 2,834,497 shares of the company's stock were exchanged, compared to its average volume of 4,269,497. The business's 50 day moving average is $185.74 and its two-hundred day moving average is $131.36. The stock has a market cap of $28.07 billion, a P/E ratio of 52.81 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. Celestica, Inc. has a fifty-two week low of $41.74 and a fifty-two week high of $257.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the company posted $0.91 earnings per share. The firm's revenue for the quarter was up 21.0% on a year-over-year basis. 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 analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CLS. UBS Group restated a "neutral" rating and set a $208.00 price objective (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. JPMorgan Chase & Co. lifted their target price on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target of $174.75.

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.