36,000 Shares in Celestica, Inc. $CLS Purchased by Caxton Associates LLP

Key Points

• Caxton Associates LLP invested approximately $2.84 million in Celestica, acquiring 36,000 shares during the 1st quarter of 2023.
• Celestica reported earnings of $1.39 EPS for the last quarter, exceeding analyst expectations, with revenue of $2.89 billion, up 21% year-over-year.
• Several hedge funds increased their holdings in Celestica, contributing to institutional investors owning 67.38% of the company's stock.

Caxton Associates LLP bought a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 36,000 shares of the technology company's stock, valued at approximately $2,837,000.

Other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC lifted its stake in Celestica by 5.4% in the fourth quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after acquiring an additional 90 shares during the period. Freedom Investment Management Inc. lifted its stake in Celestica by 1.5% in the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock worth $501,000 after acquiring an additional 96 shares during the period. First National Bank of Hutchinson lifted its stake in Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after acquiring an additional 120 shares during the period. Private Trust Co. NA lifted its stake in Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the period. Finally, Csenge Advisory Group lifted its stake in Celestica by 7.1% in the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after acquiring an additional 171 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Celestica Stock Down 1.7%

Shares of NYSE:CLS traded down $4.09 on Friday, hitting $241.65. 2,132,811 shares of the company traded hands, compared to its average volume of 3,097,845. Celestica, Inc. has a 52 week low of $44.46 and a 52 week high of $257.40. 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 stock has a 50 day simple moving average of $192.94 and a 200-day simple moving average of $134.84. The company has a market cap of $27.80 billion, a PE ratio of 52.30 and a beta of 1.89.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly 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 firm had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same period last year, the company earned $0.91 earnings per share. The company's 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 expect that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CLS has been the subject of a number of research analyst reports. UBS Group reaffirmed a "neutral" rating and issued a $208.00 price target (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Wall Street Zen lowered Celestica from a "buy" rating to a "hold" rating in a research note on Saturday. CICC Research started coverage on Celestica in a report on Tuesday, August 19th. They issued an "outperform" rating for the company. Citigroup raised their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. Finally, Canaccord Genuity Group raised their price objective on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $174.75.

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.