Axiom Investors LLC DE Decreases Stock Holdings in Celestica, Inc. $CLS

Key Points

• Axiom Investors LLC DE significantly reduced its stake in Celestica by 88.7%, selling 885,708 shares and owning 112,714 shares valued at approximately $8.88 million.
• Celestica reported Q2 earnings with an EPS of $1.39, exceeding analysts' expectations of $1.23, and its revenue increased by 21% year-over-year.
• Several analysts raised their price targets for Celestica, with raises from $170.00 to $225.00, reflecting a positive outlook on the stock with multiple upgrades to "buy" and "strong-buy" ratings.

Axiom Investors LLC DE lowered its stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 88.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 112,714 shares of the technology company's stock after selling 885,708 shares during the period. Axiom Investors LLC DE owned about 0.10% of Celestica worth $8,883,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Celestica by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock valued at $356,135,000 after acquiring an additional 35,690 shares during the period. Polar Capital Holdings Plc increased its position in shares of Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after purchasing an additional 1,433,681 shares during the last quarter. Royal Bank of Canada increased its position in shares of Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after purchasing an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC bought a new stake in shares of Celestica in the 1st quarter worth about $96,936,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after buying an additional 438,762 shares during the period. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Up 9.7%

Shares of NYSE:CLS opened at $242.83 on Monday. The company has a market cap of $27.93 billion, a P/E ratio of 52.56 and a beta of 1.89. 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 1 year low of $40.65 and a 1 year high of $257.40. The stock's fifty day moving average price is $183.98 and its 200-day moving average price is $130.49.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted its quarterly earnings data 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%.Celestica's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently commented on CLS shares. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays boosted their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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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