Allspring Global Investments Holdings LLC Increases Stock Position in Celestica, Inc. $CLS

Key Points

• Allspring Global Investments Holdings LLC has significantly increased its stake in Celestica, Inc. by 759.6% in the second quarter, owning approximately 263,829 shares valued at $39.29 million.
• Celestica reported $1.39 EPS for the last quarter, exceeding expectations, with revenue increasing 21% year-over-year to $2.89 billion.
• Analysts have mixed opinions on the stock, with recent upgrades to target prices, including a boost from BMO Capital Markets from $230.00 to $300.00.

Allspring Global Investments Holdings LLC grew its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 759.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 263,829 shares of the technology company's stock after buying an additional 233,137 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.23% of Celestica worth $39,287,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CLS. Vanguard Group Inc. lifted its holdings in shares of Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after acquiring an additional 35,690 shares during the last quarter. Voya Investment Management LLC raised its position in Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after purchasing an additional 1,453,473 shares in the last quarter. Royal Bank of Canada raised its position in Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares in the last quarter. Alkeon Capital Management LLC bought a new stake in Celestica during the first quarter worth about $96,936,000. Finally, BNP Paribas Financial Markets increased its position in shares of Celestica by 79.3% during the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Trading Up 9.1%

Shares of CLS opened at $270.36 on Thursday. The stock has a market capitalization of $31.10 billion, a P/E ratio of 58.52 and a beta of 1.88. Celestica, Inc. has a twelve month low of $55.30 and a twelve month high of $271.70. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $227.95 and a two-hundred day simple moving average of $159.80.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. TD Securities downgraded Celestica from a "buy" rating to a "hold" rating and boosted their target price for the stock from $130.00 to $238.00 in a research report on Friday, October 3rd. Barclays boosted their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. UBS Group reaffirmed a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. BMO Capital Markets lifted their target price on shares of Celestica from $230.00 to $300.00 and gave the stock an "outperform" rating in a research report on Tuesday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Celestica in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $220.46.

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.

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