Ameriprise Financial Inc. Grows Holdings in Celestica, Inc. $CLS

Key Points

• Ameriprise Financial Inc. increased its holdings in Celestica, Inc. by 78.1% during the 1st quarter, acquiring a total of 710,723 shares worth approximately $56 million.
• Celestica reported $1.39 EPS for the last quarter, surpassing analysts' expectations of $1.23, with a 21% year-over-year revenue growth.
• A number of institutional investors are also increasing their stakes in Celestica, with about 67.38% of the company's stock now owned by institutional investors.

Ameriprise Financial Inc. raised its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 78.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 710,723 shares of the technology company's stock after purchasing an additional 311,646 shares during the period. Ameriprise Financial Inc. owned 0.61% of Celestica worth $56,012,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the business. Rothschild Investment LLC acquired a new position in Celestica during the 1st quarter valued at about $26,000. ORG Partners LLC bought a new stake in shares of Celestica in the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. bought a new stake in shares of Celestica in the 1st quarter worth approximately $30,000. Farther Finance Advisors LLC raised its holdings in shares of Celestica by 1,516.7% in the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after purchasing an additional 637 shares in the last quarter. Finally, Private Trust Co. NA raised its holdings in shares of Celestica by 14.1% during the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after acquiring an additional 123 shares during the period. Institutional investors own 67.38% of the company's stock.

Celestica Price Performance

Shares of Celestica stock opened at $201.95 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The firm has a fifty day moving average price of $174.47 and a two-hundred day moving average price of $126.55. The company has a market cap of $23.23 billion, a PE ratio of 43.71 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the prior year, the firm 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. Analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent analyst reports. Barclays boosted their price target on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Citigroup boosted their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. CICC Research began coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating for the company. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Two equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $168.92.

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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