Jones Financial Companies Lllp Acquires 22,452 Shares of Celestica, Inc. $CLS

Key Points

• Jones Financial Companies Lllp increased its stake in Celestica, Inc. by 1,103.8% during Q1, acquiring over 22,000 additional shares, bringing their total to 24,486 shares valued at approximately $1.93 million.
• Analysts are optimistic about Celestica, with multiple upgrades resulting in price targets ranging from $174.75 to $295.00 and a consensus rating of "Buy."
• Celestica reported Q2 earnings of $1.39 per share, exceeding estimates, with revenue of $2.89 billion, reflecting a 21% year-over-year increase.

Jones Financial Companies Lllp grew its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 1,103.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,486 shares of the technology company's stock after purchasing an additional 22,452 shares during the period. Jones Financial Companies Lllp's holdings in Celestica were worth $1,930,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new position in shares of Celestica during the first quarter valued at approximately $26,000. ORG Partners LLC acquired a new position in shares of Celestica in the first quarter worth $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica in the first quarter valued at about $30,000. Farther Finance Advisors LLC grew its position in shares of Celestica by 1,516.7% in the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after purchasing an additional 637 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd lifted its stake in Celestica by 8,910.0% during the first quarter. Gordian Capital Singapore Pte Ltd now owns 901 shares of the technology company's stock worth $71,000 after purchasing an additional 891 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

CLS has been the topic of several analyst reports. Royal Bank Of Canada boosted their price target on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price objective on shares of Celestica from $225.00 to $295.00 and gave the stock an "overweight" rating in a research report on Monday. Citigroup boosted their price objective on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research note on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a report on Wednesday, June 11th. Finally, Barclays upped their price target on shares of Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus price target of $174.75.

Celestica Stock Performance

Shares of NYSE CLS traded down $4.09 during mid-day trading on Friday, hitting $241.65. The stock had a trading volume of 2,132,811 shares, compared to its average volume of 3,097,845. The company has a 50 day moving average of $192.94 and a two-hundred day moving average of $134.84. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. Celestica, Inc. has a twelve month low of $44.46 and a twelve month high of $257.40. The firm 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 released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The firm had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the company earned $0.91 EPS. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. Research analysts predict that Celestica, Inc. will post 4.35 EPS 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.