Arete Wealth Advisors LLC Takes Position in Celestica, Inc. $CLS

Key Points

• Arete Wealth Advisors LLC has invested approximately $217,000 in Celestica, Inc. by acquiring 2,756 shares, marking a significant new position in the company.
• Celestica reported a strong quarterly performance with an earnings per share (EPS) of $1.39, exceeding analysts' expectations by $0.16, and revenue of $2.89 billion, up 21% year-over-year.
• Multiple institutional investors have increased their stakes in Celestica, resulting in 67.38% of the stock being held by institutional shareholders.

Arete Wealth Advisors LLC bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,756 shares of the technology company's stock, valued at approximately $217,000.

Other hedge funds have also recently bought and sold shares of the company. Rothschild Investment LLC purchased a new position in Celestica in the first quarter valued at approximately $26,000. ORG Partners LLC purchased a new position in Celestica in the first quarter valued at approximately $29,000. Center for Financial Planning Inc. purchased a new position in Celestica in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC raised its holdings in Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after buying an additional 637 shares during the period. Finally, Gordian Capital Singapore Pte Ltd raised its holdings in Celestica by 8,910.0% in the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock valued at $71,000 after buying an additional 891 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CLS shares. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Barclays raised 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. Royal Bank Of Canada lifted their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. Finally, Citigroup lifted their price objective on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. 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 company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average target price of $174.75.

Celestica Stock Down 1.7%

Shares of CLS stock traded down $4.09 during mid-day trading on Friday, reaching $241.65. 2,132,811 shares of the company were exchanged, compared to its average volume of 3,097,845. The company has a market capitalization of $27.80 billion, a P/E ratio of 52.30 and a beta of 1.89. The business's 50 day simple moving average is $192.94 and its 200 day simple moving average is $134.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a fifty-two week low of $44.46 and a fifty-two week high of $257.40.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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. 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 firm's revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the company 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. Research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

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.