Celestica, Inc. $CLS Shares Sold by Credit Agricole S A

Key Points

• Credit Agricole S A has reduced its stake in Celestica, Inc. by 46.2%, selling 21,169 shares and now holding 24,660 shares valued at approximately $1.94 million.
• Celestica reported earnings of $1.39 per share for the latest quarter, exceeding analyst expectations, with revenue increasing by 21.0% year-over-year to $2.89 billion.
• Several analysts have upgraded their price targets for Celestica, with Barclays raising its target from $146 to $220 and Royal Bank of Canada from $185 to $225, reflecting increasing confidence in the stock's performance.

Credit Agricole S A reduced its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 46.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 24,660 shares of the technology company's stock after selling 21,169 shares during the period. Credit Agricole S A's holdings in Celestica were worth $1,943,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in CLS. Polar Capital Holdings Plc lifted its holdings in shares of Celestica by 822.6% in the 4th quarter. Polar Capital Holdings Plc now owns 1,607,969 shares of the technology company's stock valued at $148,416,000 after purchasing an additional 1,433,681 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of Celestica by 799.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 802,227 shares of the technology company's stock valued at $74,044,000 after purchasing an additional 916,991 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in shares of Celestica in the 4th quarter valued at about $51,043,000. CloudAlpha Capital Management Limited Hong Kong acquired a new position in Celestica in the 1st quarter valued at about $30,156,000. Finally, Wellington Management Group LLP acquired a new position in Celestica in the 4th quarter valued at about $26,965,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CLS has been the topic of several recent research reports. CICC Research initiated coverage on Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Wall Street Zen upgraded Celestica from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Barclays boosted their price target on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. boosted their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Finally, Royal Bank Of Canada boosted their price target on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two investment 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 company's 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 Performance

NYSE CLS traded up $11.00 on Thursday, hitting $213.10. 2,536,421 shares of the company's stock were exchanged, compared to its average volume of 4,263,575. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The firm's 50-day moving average price is $174.47 and its two-hundred day moving average price is $126.55. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The firm has a market cap of $24.51 billion, a price-to-earnings ratio of 46.08 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share for the quarter, topping analysts' consensus estimates of $1.23 by $0.16. The business 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 company's revenue was up 21.0% compared to the same quarter last year. During the same quarter in the prior 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. On average, research analysts expect that Celestica, Inc. will post 4.35 EPS for the current year.

About Celestica

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.