Belpointe Asset Management LLC Acquires New Holdings in Celestica, Inc. $CLS

Key Points

• Belpointe Asset Management LLC has acquired a new stake in Celestica, Inc. valued at approximately $343,000 by purchasing 2,200 shares in the 2nd quarter.
• Wall Street analysts have generally rated Celestica with a consensus of "Moderate Buy", with a current average price target of $207.38.
• Celestica reported a 21.0% increase in revenue year-over-year for its latest quarter, with an EPS of $1.39, exceeding estimates.

Belpointe Asset Management LLC acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 2,200 shares of the technology company's stock, valued at approximately $343,000.

Other institutional investors and hedge funds have also modified their holdings of the company. ST Germain D J Co. Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at approximately $37,000. Wolff Wiese Magana LLC grew its position in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after purchasing an additional 114 shares during the period. ORG Partners LLC acquired a new position in shares of Celestica in the 1st quarter valued at approximately $29,000. Center for Financial Planning Inc. acquired a new position in shares of Celestica in the 1st quarter valued at approximately $30,000. Finally, Oakworth Capital Inc. acquired a new position in shares of Celestica in the 2nd quarter valued at approximately $73,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of recent research reports. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating for the company. Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a research report on Wednesday. Citigroup upped 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. Finally, Barclays upped their price target on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $207.38.

Celestica Trading Down 6.1%

NYSE CLS opened at $243.91 on Friday. The company has a market cap of $28.06 billion, a PE ratio of 52.79 and a beta of 1.88. 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 $55.30 and a 12 month high of $263.90. The stock has a 50 day moving average of $224.30 and a 200-day moving average of $156.18.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. The company 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 for the quarter was up 21.0% compared to the same quarter last year. During the same quarter in the prior year, the firm 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, equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal 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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