Ausbil Investment Management Ltd Has $1.16 Million Position in Celestica, Inc. $CLS

Key Points

• Ausbil Investment Management Ltd reduced its stake in Celestica, Inc. by 17.5% during the second quarter, holding shares worth approximately $1.16 million after selling 1,581 shares.
• Several institutional investors, including Voya Investment Management and Alliancebernstein, significantly increased their positions in Celestica during the first quarter, reflecting strong interest in the stock.
• Analysts have raised their target prices for Celestica, with opinions varying from "neutral" to "overweight," indicating a generally positive outlook for the company's stock performance.

Ausbil Investment Management Ltd cut its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 17.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,447 shares of the technology company's stock after selling 1,581 shares during the quarter. Ausbil Investment Management Ltd's holdings in Celestica were worth $1,163,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CLS. Voya Investment Management LLC lifted its position in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after acquiring an additional 1,453,473 shares during the period. Alkeon Capital Management LLC bought a new position in Celestica in the first quarter valued at about $96,936,000. Alliancebernstein L.P. raised its position in Celestica by 405.5% in the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock valued at $57,684,000 after purchasing an additional 587,145 shares during the last quarter. JAT Capital Mgmt LP bought a new position in shares of Celestica during the first quarter worth about $40,077,000. Finally, BNP Paribas Financial Markets raised its position in shares of Celestica by 79.3% during the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after acquiring an additional 438,762 shares during the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CLS shares. JPMorgan Chase & Co. lifted their target price on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. BNP Paribas reissued an "outperform" rating and issued a $300.00 price objective on shares of Celestica in a research report on Thursday. Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. UBS Group reissued a "neutral" rating and set a $208.00 price objective (up previously from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Finally, Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $184.38.

Celestica Trading Down 0.1%

NYSE CLS opened at $244.30 on Friday. Celestica, Inc. has a fifty-two week low of $48.97 and a fifty-two week high of $261.83. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The stock has a 50 day simple moving average of $210.97 and a two-hundred day simple moving average of $146.00. The stock has a market cap of $28.10 billion, a P/E ratio of 52.88 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating 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 firm's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, analysts forecast 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.

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