Caisse DE Depot ET Placement DU Quebec Purchases 99,724 Shares of Celestica, Inc. $CLS

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Celestica, Inc. by 47.0%, owning approximately 311,962 shares valued at $24.6 million as of its latest SEC filing.
• Celestica reported earnings of $1.39 per share for the last quarter, exceeding expectations and demonstrating a 21% revenue growth year-over-year.
• Equities analysts have raised their price targets for Celestica, with Royal Bank of Canada setting a target of $225.00 and Canaccord Genuity raising theirs to $240.00.

Caisse DE Depot ET Placement DU Quebec grew its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 47.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 311,962 shares of the technology company's stock after purchasing an additional 99,724 shares during the period. Caisse DE Depot ET Placement DU Quebec owned 0.27% of Celestica worth $24,606,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Freedom Investment Management Inc. raised its holdings in shares of Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock worth $501,000 after purchasing an additional 96 shares during the period. Quantitative Investment Management LLC acquired a new stake in shares of Celestica during the first quarter worth $1,829,000. Jump Financial LLC raised its holdings in shares of Celestica by 128.9% during the first quarter. Jump Financial LLC now owns 60,625 shares of the technology company's stock worth $4,778,000 after purchasing an additional 34,138 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Celestica by 640.3% during the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 475,439 shares of the technology company's stock worth $37,511,000 after purchasing an additional 411,213 shares during the period. Finally, Cunning Capital Partners LP bought a new stake in Celestica in the 1st quarter valued at about $4,111,000. 67.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Canaccord Genuity Group lifted their price objective on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a research report on Wednesday, July 30th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. raised their target price on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Royal Bank Of Canada raised their target price 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. Finally, Wall Street Zen upgraded shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Celestica presently has a consensus rating of "Buy" and an average target price of $168.92.

Celestica Stock Down 8.1%

Shares of CLS stock traded down $17.21 during trading on Friday, hitting $195.12. 3,928,552 shares of the company were exchanged, compared to its average volume of 2,909,284. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The firm has a market capitalization of $22.45 billion, a price-to-earnings ratio of 42.23 and a beta of 1.80. The business's 50-day simple moving average is $177.19 and its 200 day simple moving average is $127.57. Celestica, Inc. has a twelve month low of $40.65 and a twelve month high of $218.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. The firm had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company's revenue was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.91 earnings per share. 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, analysts forecast that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.