Celestica, Inc. $CLS Shares Acquired by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets has significantly increased its stake in Celestica, Inc. by 79.3% during Q1, acquiring an additional 438,762 shares, bringing its total ownership to 991,776 shares valued at approximately $78.2 million.
• Celestica's most recent quarterly earnings report exceeded expectations, with earnings per share of $1.39 and revenue of $2.89 billion, marking a year-over-year revenue increase of 21%.
• Several analysts have upgraded Celestica's stock ratings, with target prices raised by firms like JPMorgan and Royal Bank of Canada, contributing to a current average rating of "Buy" for the stock.

BNP Paribas Financial Markets grew its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 79.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 991,776 shares of the technology company's stock after acquiring an additional 438,762 shares during the quarter. BNP Paribas Financial Markets owned about 0.86% of Celestica worth $78,162,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Consolidated Planning Corp purchased a new stake in shares of Celestica in the first quarter valued at $3,361,000. Summerhill Capital Management lnc. purchased a new position in Celestica during the first quarter worth about $2,283,000. Nations Financial Group Inc. IA ADV lifted its position in Celestica by 8.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 17,243 shares of the technology company's stock worth $1,359,000 after buying an additional 1,341 shares during the period. Mackenzie Financial Corp lifted its position in Celestica by 39.3% during the fourth quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after buying an additional 214,872 shares during the period. Finally, Y Intercept Hong Kong Ltd purchased a new position in Celestica during the first quarter worth about $819,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. BMO Capital Markets reiterated an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. JPMorgan Chase & Co. increased their target price on Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Canaccord Genuity Group increased their target price on Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada increased their target price on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, Celestica currently has a consensus rating of "Buy" and a consensus price target of $168.92.

Celestica Trading Down 8.1%

NYSE:CLS traded down $17.21 on Monday, hitting $195.12. 3,928,552 shares of the stock were exchanged, compared to its average volume of 2,878,981. The stock has a market cap of $22.45 billion, a PE ratio of 42.23 and a beta of 1.89. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average of $178.37 and a 200-day moving average of $128.00. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates 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 firm posted $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. As a group, equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Celestica 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.