Celestica, Inc. $CLS Shares Sold by Mitchell Capital Management Co.

Key Points

• Mitchell Capital Management Co. has decreased its holdings in Celestica, Inc. by 51.3% in the second quarter, now owning 20,499 shares valued at approximately $3.28 million.
• Celestica reported earnings of $1.39 per share for the last quarter, surpassing the consensus estimate of $1.23 and achieving a revenue of $2.89 billion, a 21% increase year-over-year.
• Several institutional investors increased their stakes in Celestica, with Oak Ridge Investments raising theirs by a dramatic 201.4% during the same period.

Mitchell Capital Management Co. cut its holdings in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 51.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,499 shares of the technology company's stock after selling 21,620 shares during the quarter. Mitchell Capital Management Co.'s holdings in Celestica were worth $3,282,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC increased its stake in Celestica by 2.9% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,655 shares of the technology company's stock valued at $4,161,000 after purchasing an additional 761 shares during the period. Oak Ridge Investments LLC increased its stake in Celestica by 201.4% in the second quarter. Oak Ridge Investments LLC now owns 74,492 shares of the technology company's stock valued at $11,629,000 after purchasing an additional 49,775 shares during the period. Louisbourg Investments Inc. increased its stake in Celestica by 3.5% in the second quarter. Louisbourg Investments Inc. now owns 26,900 shares of the technology company's stock valued at $4,195,000 after purchasing an additional 900 shares during the period. Brucke Financial Inc. acquired a new position in Celestica in the second quarter valued at $218,000. Finally, Gunderson Capital Management Inc. acquired a new position in Celestica in the second quarter valued at $3,117,000. 67.38% of the stock is currently owned by institutional investors and hedge funds.

Celestica Trading Down 6.1%

Shares of CLS opened at $243.91 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.86 and a debt-to-equity ratio of 0.48. The firm's 50-day moving average is $224.30 and its two-hundred day moving average is $157.16. Celestica, Inc. has a twelve month low of $55.30 and a twelve month high of $263.90. The firm has a market capitalization of $28.06 billion, a P/E ratio of 52.79 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share 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 for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business posted $0.91 earnings per share. The firm'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. On average, research analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CLS has been the topic of a number of recent research reports. Royal Bank Of Canada lifted their price objective on shares of Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Citigroup lifted 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. UBS Group restated a "neutral" rating and issued a $208.00 price objective (up from $101.00) on shares of Celestica in a research note on Wednesday, July 30th. Barclays boosted their price target on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 30th. Finally, BNP Paribas reissued an "outperform" rating and set a $300.00 price target on shares of Celestica in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $207.38.

Celestica 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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