Celestica, Inc. $CLS Shares Sold by SeaCrest Wealth Management LLC

Key Points

• SeaCrest Wealth Management LLC decreased its stake in Celestica, Inc. by 36.9% in Q2, holding 5,006 shares worth $781,000 after selling 2,928 shares during the period.
• Celestica's recent earnings report showed an EPS of $1.39, beating estimates by $0.16, with revenue of $2.89 billion—a 21% increase from the previous year.
• Analysts have a consensus rating of “Buy” on Celestica, with Barclays raising its target price significantly to $220.00 and JPMorgan Chase increasing it to $295.00.

SeaCrest Wealth Management LLC decreased its position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 36.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 5,006 shares of the technology company's stock after selling 2,928 shares during the period. SeaCrest Wealth Management LLC's holdings in Celestica were worth $781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CLS. Voya Investment Management LLC increased its holdings in shares of Celestica by 362.8% during the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock worth $146,122,000 after purchasing an additional 1,453,473 shares during the period. Alkeon Capital Management LLC bought a new stake in Celestica in the first quarter valued at approximately $96,936,000. Alliancebernstein L.P. increased its position in shares of Celestica by 405.5% during the first quarter. Alliancebernstein L.P. now owns 731,937 shares of the technology company's stock worth $57,684,000 after acquiring an additional 587,145 shares in the last quarter. JAT Capital Mgmt LP bought a new stake in shares of Celestica during the first quarter worth $40,077,000. Finally, BNP Paribas Financial Markets lifted its stake in Celestica by 79.3% in the first quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after acquiring an additional 438,762 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays boosted their target price on shares of Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. BNP Paribas upgraded shares of Celestica to a "strong-buy" rating in a research report on Wednesday, June 11th. Citigroup increased their price target on shares of Celestica from $172.00 to $212.00 and gave the company a "neutral" rating in a research report on Wednesday, July 30th. JPMorgan Chase & Co. lifted their price target on shares of Celestica from $225.00 to $295.00 and gave the company an "overweight" rating in a report on Monday, September 8th. Finally, Royal Bank Of Canada raised their price objective on Celestica from $185.00 to $225.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $174.75.

Celestica Stock Up 0.3%

Shares of NYSE CLS opened at $252.72 on Friday. The company has a quick ratio of 0.86, a current ratio of 1.44 and a debt-to-equity ratio of 0.48. The firm has a 50-day moving average price of $202.25 and a 200 day moving average price of $140.34. Celestica, Inc. has a 52 week low of $48.18 and a 52 week high of $258.16. The stock has a market capitalization of $29.07 billion, a price-to-earnings ratio of 54.70 and a beta of 1.89.

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 for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $2.65 billion. During the same period in the previous year, the company posted $0.91 earnings per share. Celestica's revenue 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. Equities research analysts anticipate that Celestica, Inc. will post 4.35 EPS for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.