Alyeska Investment Group L.P. Has $51.83 Million Position in Celestica, Inc. $CLS

Key Points

• Alyeska Investment Group L.P. increased its holdings in Celestica, Inc. by 154.2%, acquiring an additional 398,977 shares during the first quarter of the year.
• Celestica reported a quarterly earnings per share of $1.39, exceeding analysts' expectations of $1.23, with revenues of $2.89 billion, up 21.0% from the previous year.
• A majority of analysts have a positive outlook on Celestica, with the stock receiving an average rating of "Buy" and a consensus target price of $168.92.

Alyeska Investment Group L.P. increased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 154.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 657,642 shares of the technology company's stock after acquiring an additional 398,977 shares during the period. Alyeska Investment Group L.P. owned approximately 0.57% of Celestica worth $51,829,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Celestica by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after buying an additional 35,690 shares during the period. Polar Capital Holdings Plc increased its stake in Celestica by 822.6% during the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after buying an additional 1,433,681 shares during the period. Royal Bank of Canada increased its stake in Celestica by 1.5% during the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after buying an additional 19,391 shares during the period. Alkeon Capital Management LLC acquired a new position in shares of Celestica in the 1st quarter worth approximately $96,936,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Barclays lifted their price objective on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $130.00 price objective (up previously from $118.00) on shares of Celestica in a research note on Thursday, May 22nd. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Celestica currently has an average rating of "Buy" and an average price target of $174.75.

Celestica Stock Up 0.7%

NYSE CLS traded up $1.66 during trading on Monday, reaching $244.34. The company's stock had a trading volume of 3,909,846 shares, compared to its average volume of 4,272,826. Celestica, Inc. has a 1-year low of $41.74 and a 1-year high of $257.40. The stock has a market capitalization of $28.11 billion, a PE ratio of 52.89 and a beta of 1.89. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The business has a 50-day moving average price of $183.98 and a 200-day moving average price of $130.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the firm posted $0.91 earnings per share. Celestica's revenue was up 21.0% compared to the same quarter last year. 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 forecast 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.