Celestica, Inc. $CLS Shares Sold by Brant Point Investment Management LLC

Key Points

• Brant Point Investment Management LLC has reduced its stake in Celestica, Inc. by 14.2%, owning 30,026 shares worth $2,366,000 after selling 4,974 shares.
• Analysts have largely upgraded their outlook on Celestica, with BMO Capital Markets raising its target price to $130.00 and Canaccord Genuity increasing it significantly to $240.00.
• Celestica reported earnings of $1.39 EPS for the last quarter, surpassing estimates by $0.16, with revenues reaching $2.89 billion, a 21.0% increase year-over-year.

Brant Point Investment Management LLC decreased its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 14.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 30,026 shares of the technology company's stock after selling 4,974 shares during the quarter. Brant Point Investment Management LLC's holdings in Celestica were worth $2,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CLS. Rothschild Investment LLC purchased a new position in shares of Celestica in the 1st quarter worth approximately $26,000. ORG Partners LLC purchased a new position in shares of Celestica in the 1st quarter worth approximately $29,000. Center for Financial Planning Inc. purchased a new position in Celestica during the 1st quarter valued at $30,000. Farther Finance Advisors LLC boosted its holdings in 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 acquiring an additional 637 shares during the period. Finally, Private Trust Co. NA boosted its holdings in Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analyst Weigh In

CLS has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. BNP Paribas upgraded Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Citigroup boosted their price objective on Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a report on Wednesday, July 30th. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets restated an "outperform" rating and set a $130.00 price objective (up previously from $118.00) on shares of Celestica in a report on Thursday, May 22nd. Two 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's stock. According to data from MarketBeat.com, Celestica presently has an average 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 mid-day trading on Monday, hitting $195.12. The stock had a trading volume of 3,928,552 shares, compared to its average volume of 2,878,981. Celestica, Inc. has a 12-month low of $40.65 and a 12-month high of $218.80. The firm has a market capitalization of $22.45 billion, a P/E ratio of 42.23 and a beta of 1.89. The firm's 50-day moving average is $177.19 and its two-hundred day moving average is $127.56. 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 (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, topping the consensus estimate of $1.23 by $0.16. The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal 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.