Celestica, Inc. $CLS Shares Sold by Exencial Wealth Advisors LLC

Key Points

• Exencial Wealth Advisors LLC reduced its stake in Celestica, Inc. by 56.4%, owning 6,843 shares after selling 8,863 shares during the second quarter.
• Several institutional investors have adjusted their stakes in Celestica, with a hedge fund ownership of 67.38% of the company's stock.
• Analysts have set various target prices for Celestica, with CIBC increasing its target from $245.00 to $315.00, indicating a continued optimistic outlook on the stock.

Exencial Wealth Advisors LLC lessened its stake in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 56.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,843 shares of the technology company's stock after selling 8,863 shares during the period. Exencial Wealth Advisors LLC's holdings in Celestica were worth $1,068,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CLS. Freedom Investment Management Inc. lifted its stake in Celestica by 1.5% during the first quarter. Freedom Investment Management Inc. now owns 6,360 shares of the technology company's stock worth $501,000 after purchasing an additional 96 shares in the last quarter. Wolff Wiese Magana LLC raised its holdings in shares of Celestica by 45.6% in the 2nd quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock valued at $57,000 after buying an additional 114 shares during the period. First National Bank of Hutchinson lifted its stake in Celestica by 2.5% during the 1st quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after acquiring an additional 120 shares in the last quarter. Private Trust Co. NA lifted its stake in Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares in the last quarter. Finally, Bay Rivers Group boosted its holdings in Celestica by 0.7% during the 2nd quarter. Bay Rivers Group now owns 19,636 shares of the technology company's stock valued at $3,065,000 after acquiring an additional 142 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. BNP Paribas reiterated an "outperform" rating and set a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. UBS Group reissued a "neutral" rating and issued a $208.00 price objective (up previously from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Celestica in a research note on Wednesday, October 8th. CIBC increased their target price on shares of Celestica from $245.00 to $315.00 and gave the stock an "outperform" rating in a report on Monday. Finally, JPMorgan Chase & Co. raised their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $249.36.

Celestica Stock Up 4.5%

CLS stock opened at $283.00 on Friday. The company's 50 day moving average price is $236.36 and its 200 day moving average price is $168.10. The firm has a market capitalization of $32.55 billion, a price-to-earnings ratio of 61.26 and a beta of 1.88. Celestica, Inc. has a fifty-two week low of $58.05 and a fifty-two week high of $296.85. 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 (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the previous year, the business posted $0.91 EPS. The firm's revenue was up 21.0% on a year-over-year basis. Celestica has set its Q3 2025 guidance at 1.370-1.530 EPS. FY 2025 guidance at 5.500-5.500 EPS. On average, equities research analysts anticipate 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.

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