Causeway Capital Management LLC Purchases New Stake in Celestica, Inc. $CLS

Key Points

• Causeway Capital Management LLC acquired a new stake in Celestica, Inc., purchasing 146,152 shares valued at approximately $11.5 million.
• Celestica's recent earnings report showed EPS of $1.39, beating estimates and reflecting a 21% revenue increase compared to the previous year.
• Several analysts have adjusted their price targets for Celestica, with Canaccord Genuity increasing their target to $240 and maintaining a "buy" rating, indicating strong investor confidence.

Causeway Capital Management LLC acquired a new position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 146,152 shares of the technology company's stock, valued at approximately $11,528,000. Causeway Capital Management LLC owned 0.13% of Celestica as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Rothschild Investment LLC purchased a new stake in Celestica during the 1st quarter worth $26,000. ORG Partners LLC acquired a new position in shares of Celestica during the first quarter worth about $29,000. Center for Financial Planning Inc. purchased a new stake in shares of Celestica in the first quarter worth about $30,000. Farther Finance Advisors LLC raised its holdings in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after buying an additional 637 shares during the period. Finally, Private Trust Co. NA lifted its position in Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup increased their price target on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. JPMorgan Chase & Co. increased their target price on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Canaccord Genuity Group lifted their price target on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a research note on Wednesday, July 30th. Barclays increased their price objective on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Finally, Argus dropped their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Two equities research 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 presently has a consensus rating of "Buy" and an average target price of $168.92.

Celestica Stock Performance

Shares of NYSE CLS opened at $192.87 on Tuesday. Celestica, Inc. has a 12-month low of $40.65 and a 12-month high of $218.80. The company has a market cap of $22.19 billion, a PE ratio of 41.75 and a beta of 1.80. The stock has a 50 day simple moving average of $171.83 and a 200-day simple moving average of $125.51. 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 earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (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 firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the firm 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 research analysts forecast that Celestica, Inc. will post 4.35 EPS for the current year.

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.

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