Celestica, Inc. $CLS Shares Purchased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its stake in Celestica, Inc. by 75.1%, acquiring an additional 1,748 shares during the first quarter, bringing its total to 4,075 shares, valued at $321,000.
• Celestica's stock recently reported $1.39 earnings per share, exceeding analysts' expectations, with revenue of $2.89 billion for the quarter, up 21.0% year-over-year.
• Multiple analysts have issued favorable ratings on Celestica, with BNP Paribas upgrading it to a "strong-buy" and several others raising price targets, reflecting a positive consensus among analysts.

Atria Wealth Solutions Inc. boosted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 75.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,075 shares of the technology company's stock after buying an additional 1,748 shares during the period. Atria Wealth Solutions Inc.'s holdings in Celestica were worth $321,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Thoroughbred Financial Services LLC grew its stake in shares of Celestica by 1.0% in the 1st quarter. Thoroughbred Financial Services LLC now owns 64,415 shares of the technology company's stock valued at $5,076,000 after purchasing an additional 619 shares during the last quarter. Westfield Capital Management Co. LP purchased a new stake in shares of Celestica in the first quarter valued at approximately $12,169,000. Bank of Nova Scotia boosted its stake in shares of Celestica by 4,222.5% in the first quarter. Bank of Nova Scotia now owns 172,036 shares of the technology company's stock valued at $13,573,000 after buying an additional 168,056 shares in the last quarter. R Squared Ltd boosted its stake in shares of Celestica by 438.2% in the first quarter. R Squared Ltd now owns 2,960 shares of the technology company's stock valued at $233,000 after buying an additional 2,410 shares in the last quarter. Finally, Andar Capital Management HK Ltd purchased a new stake in shares of Celestica in the first quarter valued at approximately $2,837,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on CLS shares. Argus decreased their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. UBS Group restated a "neutral" rating and issued a $208.00 price target (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Citigroup lifted their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Finally, Canaccord Genuity Group lifted their price target on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $168.92.

Celestica Price Performance

Shares of NYSE CLS traded down $1.9670 during trading on Wednesday, reaching $182.7630. The company had a trading volume of 3,801,052 shares, compared to its average volume of 4,159,672. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80. The stock has a market capitalization of $21.02 billion, a PE ratio of 39.56 and a beta of 1.80. The stock has a 50-day moving average price of $168.25 and a two-hundred day moving average price of $124.45. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous 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. As a group, sell-side analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current 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.