Cahaba Wealth Management Inc. Purchases Shares of 2,373 Celestica, Inc. $CLS

Key Points

• Cahaba Wealth Management Inc. has purchased 2,373 shares of Celestica, Inc. valued at approximately $370,000 in the second quarter, amid increased interest from institutional investors.
• Several analysts have raised their price targets for Celestica, with Barclays setting it at $220.00 and JPMorgan Chase lifting it to $295.00, reflecting strong market optimism.
• Celestica reported robust quarterly earnings, with $1.39 earnings per share surpassing estimates, and a revenue increase of 21.0% year-over-year, highlighting the company's strong performance.

Cahaba Wealth Management Inc. purchased a new stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,373 shares of the technology company's stock, valued at approximately $370,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. ORG Wealth Partners LLC acquired a new stake in Celestica in the second quarter valued at $87,000. Signaturefd LLC raised its stake in Celestica by 6.0% in the second quarter. Signaturefd LLC now owns 4,058 shares of the technology company's stock valued at $633,000 after buying an additional 229 shares in the last quarter. Rezny Wealth Management Inc. raised its stake in Celestica by 1.9% in the second quarter. Rezny Wealth Management Inc. now owns 15,963 shares of the technology company's stock valued at $2,492,000 after buying an additional 297 shares in the last quarter. ST Germain D J Co. Inc. acquired a new stake in shares of Celestica during the second quarter worth about $37,000. Finally, Cadent Capital Advisors LLC acquired a new stake in shares of Celestica during the second quarter worth about $1,444,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on CLS. Barclays lifted their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. Canaccord Genuity Group lifted 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. CICC Research began coverage on Celestica in a research report on Tuesday, August 19th. They set an "outperform" rating on the stock. UBS Group reiterated a "neutral" rating and set a $208.00 target price (up previously from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Finally, JPMorgan Chase & Co. lifted their target price on Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $184.38.

Celestica Price Performance

Shares of CLS opened at $244.30 on Friday. Celestica, Inc. has a twelve month low of $48.97 and a twelve month high of $261.83. The stock's 50 day moving average is $210.97 and its two-hundred day moving average is $145.61. The firm has a market capitalization of $28.10 billion, a PE ratio of 52.88 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.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $2.65 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The firm's revenue for the quarter 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. Research analysts anticipate that Celestica, Inc. will post 4.35 earnings per share for the current 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.

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