BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Purchases 411,213 Shares of Celestica, Inc. $CLS

Key Points

• BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Celestica, Inc. by 640.3%, acquiring 411,213 shares in the first quarter, raising its total ownership to approximately $37.5 million.
• Institutional investors collectively own 67.38% of Celestica's stock, with notable increases from other large investors, including Vanguard Group and Polar Capital Holdings, which boosted their positions significantly.
• Celestica recently reported strong quarterly earnings with an EPS of $1.39, surpassing analysts' expectations, and set future guidance for Q3 2025 EPS between 1.370-1.530.

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 640.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 475,439 shares of the technology company's stock after purchasing an additional 411,213 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned approximately 0.41% of Celestica worth $37,511,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Consolidated Planning Corp purchased a new stake in shares of Celestica in the first quarter worth about $3,361,000. Summerhill Capital Management lnc. purchased a new stake in shares of Celestica in the first quarter worth about $2,283,000. Nations Financial Group Inc. IA ADV lifted its holdings in shares of Celestica by 8.4% in 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 in the last quarter. Mackenzie Financial Corp lifted its holdings in shares of Celestica by 39.3% in 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 in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Celestica in the first quarter worth about $819,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Price Performance

NYSE CLS traded up $3.95 on Monday, reaching $192.87. 1,871,611 shares of the company's stock traded hands, compared to its average volume of 3,993,985. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The stock has a 50-day simple moving average of $171.83 and a 200 day simple moving average of $125.51. The stock has a market cap of $22.19 billion, a PE ratio of 41.75 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same period last year, the business earned $0.91 earnings per share. The business's quarterly revenue was up 21.0% on a year-over-year basis. 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, research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CLS shares. Canaccord Genuity Group increased their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Royal Bank Of Canada upped their price objective on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. upped their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock 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 research report on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $168.92.

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.