Celestica, Inc. $CLS Shares Acquired by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. increased its holdings in Celestica, Inc. by 63.8%, acquiring a total of 6,674 shares valued at approximately $1,044,000.
• Several hedge funds, including Voya Investment Management and BNP Paribas Financial Markets, made significant adjustments to their positions in Celestica, indicating strong institutional interest.
• Celestica reported a 21.0% increase in quarterly revenue year-over-year, with an earnings per share (EPS) of $1.39, surpassing expectations by $0.16.

Atria Wealth Solutions Inc. lifted its holdings in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 63.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,674 shares of the technology company's stock after purchasing an additional 2,599 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Celestica were worth $1,044,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Celestica by 0.8% during the first quarter. Vanguard Group Inc. now owns 4,514,605 shares of the technology company's stock worth $356,135,000 after purchasing an additional 35,690 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Celestica by 362.8% during the first quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of Celestica by 1.5% during the first quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock worth $100,922,000 after purchasing an additional 19,391 shares during the last quarter. Alkeon Capital Management LLC acquired a new stake in shares of Celestica during the first quarter worth $96,936,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Celestica by 79.3% during the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock worth $78,162,000 after purchasing an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on CLS. The Goldman Sachs Group began coverage on Celestica in a report on Thursday. They issued a "buy" rating and a $340.00 target price on the stock. BMO Capital Markets lifted their target price on Celestica from $230.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday. Canaccord Genuity Group lifted their target price on Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. TD Cowen reiterated a "hold" rating and issued a $238.00 target price on shares of Celestica in a report on Friday, October 3rd. Finally, JPMorgan Chase & Co. lifted their target price on Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $229.00.

Celestica Trading Down 1.0%

Shares of CLS opened at $277.09 on Friday. The stock's 50-day moving average is $230.90 and its two-hundred day moving average is $162.55. The stock has a market cap of $31.87 billion, a PE ratio of 59.98 and a beta of 1.88. Celestica, Inc. has a 12 month low of $55.30 and a 12 month high of $296.85. 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 issued its quarterly earnings data on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm's quarterly revenue was up 21.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. Equities analysts forecast 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.

Want to see what other hedge funds are holding CLS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.