Baader Bank Aktiengesellschaft Takes $670,000 Position in Celestica, Inc. $CLS

Key Points

• Baader Bank Aktiengesellschaft has made a new investment of approximately $670,000 in Celestica, Inc., acquiring 4,400 shares during the 2nd quarter.
• Celestica's stock has received multiple positive recommendations from analysts, including upgrades to a "strong-buy" rating and significant price target increases from firms like JPMorgan and Barclays.
• The company reported quarterly earnings of $1.39 per share, exceeding expectations and marking a 21% increase in revenue compared to the previous year.

Baader Bank Aktiengesellschaft purchased a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,400 shares of the technology company's stock, valued at approximately $670,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of CLS. Deutsche Bank AG lifted its stake in shares of Celestica by 226.9% in the 4th quarter. Deutsche Bank AG now owns 21,442 shares of the technology company's stock valued at $1,979,000 after acquiring an additional 14,883 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Celestica in the 4th quarter valued at about $495,000. Vise Technologies Inc. lifted its stake in shares of Celestica by 100.9% in the 4th quarter. Vise Technologies Inc. now owns 44,564 shares of the technology company's stock valued at $4,113,000 after acquiring an additional 22,387 shares during the last quarter. Invst LLC lifted its stake in shares of Celestica by 11.7% in the 4th quarter. Invst LLC now owns 11,243 shares of the technology company's stock valued at $1,038,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock valued at $70,164,000 after acquiring an additional 214,872 shares during the last quarter. Institutional investors own 67.38% of the company's stock.

Celestica Stock Up 0.3%

CLS traded up $0.68 during trading on Friday, hitting $252.72. 3,754,555 shares of the company's stock traded hands, compared to its average volume of 3,124,105. The company's 50 day simple moving average is $202.25 and its two-hundred day simple moving average is $140.00. 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, Inc. has a 12-month low of $48.18 and a 12-month high of $258.16. The stock has a market capitalization of $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the business posted $0.91 EPS. The company's revenue was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup increased their target price on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a report on Wednesday, July 30th. Canaccord Genuity Group increased their price objective on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen downgraded Celestica from a "buy" rating to a "hold" rating in a report on Saturday, September 13th. Barclays boosted their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, UBS Group restated a "neutral" rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $174.75.

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.