FORA Capital LLC Has $4.32 Million Stock Position in Celestica, Inc. $CLS

Key Points

• FORA Capital LLC increased its holdings in Celestica, Inc. by 143.4% during Q1, acquiring an additional 32,282 shares, valuing their total investment at $4,319,000.
• Celestica reported a Q2 net income of $1.39 earnings per share, surpassing estimates of $1.23, and its revenue increased by 21.0% year-over-year.
• Several brokerages upgraded their price targets for Celestica, with Royal Bank of Canada raising their target from $185 to $225, reflecting growing analyst confidence in the stock.

FORA Capital LLC boosted its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 143.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 54,800 shares of the technology company's stock after purchasing an additional 32,282 shares during the quarter. FORA Capital LLC's holdings in Celestica were worth $4,319,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. raised its stake in Celestica by 0.8% in the 1st 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 in the last quarter. Polar Capital Holdings Plc raised its stake in Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock worth $148,416,000 after purchasing an additional 1,433,681 shares in the last quarter. Royal Bank of Canada raised its stake in Celestica by 23.0% in the 4th quarter. Royal Bank of Canada now owns 1,261,172 shares of the technology company's stock worth $116,406,000 after purchasing an additional 236,124 shares in the last quarter. Balyasny Asset Management L.P. raised its stake in Celestica by 799.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock worth $74,044,000 after purchasing an additional 916,991 shares in the last quarter. Finally, Mackenzie Financial Corp raised its stake in Celestica by 39.3% in the 4th quarter. Mackenzie Financial Corp now owns 761,084 shares of the technology company's stock worth $70,164,000 after purchasing an additional 214,872 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Price Performance

Shares of Celestica stock traded down $17.21 during midday trading on Friday, hitting $195.12. 3,928,552 shares of the company traded hands, compared to its average volume of 2,909,284. The stock has a market cap of $22.45 billion, a price-to-earnings ratio of 42.23 and a beta of 1.80. 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's fifty day moving average price is $177.19 and its 200-day moving average price is $127.59. Celestica, Inc. has a 12 month low of $40.65 and a 12 month high of $218.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. The company had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm's revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CLS. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $170.00 to $225.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada boosted their target price on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, UBS Group restated a "neutral" rating and issued a $208.00 target price (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $168.92.

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.