Cadent Capital Advisors LLC Buys Shares of 9,249 Celestica, Inc. $CLS

Key Points

• Cadent Capital Advisors LLC has acquired 9,249 shares of Celestica, valued at approximately $1,444,000, indicating increased institutional interest in the company.
• Celestica reported earnings of $1.39 per share, surpassing expectations with revenue of $2.89 billion, reflecting a year-over-year increase of 21.0%.
• Wall Street analysts have raised their price targets for Celestica, with estimates ranging from $212.00 to $225.00, and most analysts rating the stock as a "Moderate Buy."

Cadent Capital Advisors LLC acquired a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,249 shares of the technology company's stock, valued at approximately $1,444,000.

A number of other hedge funds also recently bought and sold shares of CLS. Rothschild Investment LLC acquired a new stake in Celestica in the 1st quarter valued at about $26,000. ORG Partners LLC acquired a new stake in shares of Celestica in the first quarter valued at approximately $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica in the first quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its holdings in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Celestica in the first quarter valued at approximately $63,000. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Up 1.7%

CLS opened at $244.46 on Friday. The firm has a market cap of $28.12 billion, a P/E ratio of 52.91 and a beta of 1.89. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The business has a fifty day simple moving average of $209.28 and a 200-day simple moving average of $144.52. Celestica, Inc. has a 52 week low of $48.97 and a 52 week high of $261.83.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share 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 during the quarter, compared to the consensus estimate of $2.65 billion. During the same period in the previous year, the company posted $0.91 EPS. 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. On average, equities analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Citigroup upped their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wall Street Zen cut shares of Celestica from a "buy" rating to a "hold" rating in a research note on Saturday, September 13th. Royal Bank Of Canada increased their price target on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. UBS Group reiterated 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. Finally, Barclays increased their price objective on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $174.75.

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.

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