American Century Companies Inc. Increases Stock Holdings in Celestica, Inc. $CLS

Key Points

• American Century Companies Inc. increased its stake in Celestica, Inc. by 8.9% during the 1st quarter, acquiring an additional 19,516 shares, bringing its total holdings to approximately 0.21% valued at $18.8 million.
• Several institutional investors, including Mariner LLC and Price T Rowe Associates Inc., have also significantly increased their stakes in Celestica, indicating a growing interest in the technology company.
• Celestica reported a 21.0% year-over-year revenue growth in its latest quarterly earnings, with earnings per share of $1.39, surpassing the consensus estimate of $1.23.

American Century Companies Inc. grew its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 8.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 238,578 shares of the technology company's stock after acquiring an additional 19,516 shares during the quarter. American Century Companies Inc. owned about 0.21% of Celestica worth $18,817,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Consolidated Planning Corp acquired a new position in shares of Celestica during the first quarter valued at about $3,361,000. Summerhill Capital Management lnc. acquired a new position in Celestica in the 1st quarter worth approximately $2,283,000. Mackenzie Financial Corp increased its holdings in Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after buying an additional 214,872 shares during the period. Y Intercept Hong Kong Ltd acquired a new position in Celestica in the 1st quarter worth approximately $819,000. Finally, Bank of New York Mellon Corp increased its holdings in Celestica by 22.3% in the 1st quarter. Bank of New York Mellon Corp now owns 121,467 shares of the technology company's stock worth $9,573,000 after buying an additional 22,120 shares during the period. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the topic of several research reports. Royal Bank Of Canada increased their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. CICC Research initiated coverage on shares of Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Canaccord Genuity Group increased their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, UBS Group reiterated a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica 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 issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Stock Performance

Shares of NYSE CLS traded up $10.83 during midday trading on Thursday, reaching $212.93. 2,428,729 shares of the stock were exchanged, compared to its average volume of 4,262,646. The firm has a market cap of $24.49 billion, a price-to-earnings ratio of 46.11 and a beta of 1.80. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80. The firm has a 50-day simple moving average of $174.47 and a two-hundred day simple moving average of $126.55. 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 (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, 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 analysts' expectations of $2.65 billion. During the same quarter last year, the company earned $0.91 EPS. The business's revenue 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, analysts anticipate that Celestica, Inc. will post 4.35 EPS 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.