Carmignac Gestion Purchases Shares of 271,500 Celestica, Inc. $CLS

Key Points

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Carmignac Gestion purchased a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 271,500 shares of the technology company's stock, valued at approximately $21,397,000. Carmignac Gestion owned 0.23% of Celestica at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CLS. Polar Capital Holdings Plc lifted its stake in Celestica by 822.6% in the fourth quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after acquiring an additional 1,433,681 shares during the period. Balyasny Asset Management L.P. lifted its stake in Celestica by 799.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock worth $74,044,000 after acquiring an additional 916,991 shares during the period. Dimensional Fund Advisors LP lifted its stake in Celestica by 49.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after acquiring an additional 719,805 shares during the period. BNP Paribas Financial Markets purchased a new stake in Celestica in the fourth quarter worth about $51,043,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new stake in Celestica in the first quarter worth about $30,156,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Celestica Stock Up 4.4%

Celestica stock traded up $7.8990 during midday trading on Friday, reaching $189.2390. The company's stock had a trading volume of 2,860,480 shares, compared to its average volume of 4,319,224. The stock's 50-day simple moving average is $170.54 and its 200-day simple moving average is $125.26. 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 52-week low of $40.65 and a 52-week high of $218.80. The stock has a market capitalization of $21.77 billion, a P/E ratio of 40.96 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released 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 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 analysts' expectations of $2.65 billion. During the same period last year, the business posted $0.91 earnings per share. The firm'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, sell-side analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Argus lowered their price objective on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Tuesday, April 29th. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a research note on Saturday, August 2nd. UBS Group reiterated a "neutral" rating and issued a $208.00 target price (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Barclays lifted their target price on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Citigroup lifted their target price on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Celestica currently has a consensus rating of "Buy" and an average target price 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.