Boston Partners Reduces Stock Holdings in Celestica, Inc. $CLS

Key Points

• Boston Partners reduced its holdings in Celestica, Inc. by 18.4% during the first quarter, selling 5,769 shares and now owning 25,555 shares valued at approximately $2,014,000.
• Celestica reported earnings of $1.39 per share for the last quarter, exceeding analysts' estimates and showcasing a 21% increase in revenue year-over-year.
• Research analysts have a generally positive outlook on Celestica, with multiple firms raising their price targets significantly, some up to $240.00.

Boston Partners lessened its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 18.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,555 shares of the technology company's stock after selling 5,769 shares during the quarter. Boston Partners' holdings in Celestica were worth $2,014,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Consolidated Planning Corp bought a new position in shares of Celestica during the first quarter valued at approximately $3,361,000. Summerhill Capital Management lnc. bought a new position in shares of Celestica during the first quarter valued at approximately $2,283,000. Mackenzie Financial Corp raised its holdings in shares of Celestica by 39.3% during the fourth 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 in the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of Celestica during the first quarter valued at approximately $819,000. Finally, Symmetry Investments LP bought a new position in shares of Celestica during the fourth quarter valued at approximately $3,757,000. Institutional investors own 67.38% of the company's stock.

Celestica Stock Performance

Shares of Celestica stock traded up $6.8590 during trading on Friday, hitting $188.1990. 1,423,362 shares of the company's stock traded hands, compared to its average volume of 4,309,747. 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 $218.80. The stock has a market capitalization of $21.65 billion, a P/E ratio of 40.73 and a beta of 1.80. The business has a 50-day simple moving average of $169.26 and a 200-day simple moving average of $124.86.

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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same period last year, the firm posted $0.91 earnings per share. Celestica'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. As a group, analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. BMO Capital Markets restated an "outperform" rating and set a $130.00 target price (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Argus reduced their price target on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Tuesday, April 29th. JPMorgan Chase & Co. upped their price target on Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. CICC Research began coverage on Celestica in a research note on Tuesday. They issued an "outperform" rating on the stock. Finally, Wall Street Zen raised Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target 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.