Axxcess Wealth Management LLC Purchases Shares of 1,577 Celestica, Inc. $CLS

Key Points

• Axxcess Wealth Management LLC acquired 1,577 shares of Celestica, Inc. for approximately $246,000, marking a new stake for the firm.
• Major institutional investors, including Jones Financial Companies and Fortis Capital Advisors, significantly increased their stakes in Celestica during recent quarters.
• Analysts have a generally positive outlook on Celestica, with an average rating of "Moderate Buy" and a consensus target price of $229.00.

Axxcess Wealth Management LLC purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,577 shares of the technology company's stock, valued at approximately $246,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its stake in shares of Celestica by 1,103.8% in the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after purchasing an additional 22,452 shares in the last quarter. Consolidated Planning Corp acquired a new position in shares of Celestica in the 1st quarter valued at about $3,361,000. Fortis Capital Advisors LLC acquired a new position in shares of Celestica in the 2nd quarter valued at about $343,000. Think Investments LP acquired a new position in shares of Celestica in the 1st quarter valued at about $14,939,000. Finally, Royal Bank of Canada lifted its stake 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 valued at $100,922,000 after purchasing an additional 19,391 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. UBS Group reissued a "neutral" rating and set a $208.00 price target (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Citigroup boosted their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. CICC Research assumed coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, Royal Bank Of Canada upped their target price on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $229.00.

Celestica Price Performance

Shares of CLS opened at $277.09 on Friday. The company has a market cap of $31.87 billion, a P/E ratio of 59.98 and a beta of 1.88. The stock has a fifty day moving average price of $230.90 and a 200 day moving average price of $163.10. 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 12 month low of $55.30 and a 12 month high of $296.85.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued 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 return on equity of 28.23% and a net margin of 5.11%.The firm's revenue was up 21.0% on a year-over-year basis. During the same period in the prior year, the business earned $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, research 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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