Celestica, Inc. $CLS Stock Holdings Lowered by Herald Investment Management Ltd

Key Points

• Herald Investment Management Ltd decreased its stake in Celestica, Inc. by 7.7% in Q2, selling 32,500 shares, leaving it with 390,700 shares that comprise about 9.0% of its portfolio.
• Celestica's latest earnings report showed an EPS of $1.39, surpassing estimates and revealing a 21.0% year-over-year revenue growth to $2.89 billion.
• Approximately 67.38% of Celestica's stock is owned by institutional investors, with significant positions being established by Voya Investment Management and AllianceBernstein.

Herald Investment Management Ltd lowered its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 7.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 390,700 shares of the technology company's stock after selling 32,500 shares during the period. Celestica makes up approximately 9.0% of Herald Investment Management Ltd's portfolio, making the stock its largest position. Herald Investment Management Ltd owned approximately 0.34% of Celestica worth $61,000,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Voya Investment Management LLC lifted its position in Celestica by 362.8% in the 1st quarter. Voya Investment Management LLC now owns 1,854,085 shares of the technology company's stock valued at $146,122,000 after acquiring an additional 1,453,473 shares in the last quarter. Alkeon Capital Management LLC purchased a new position in shares of Celestica in the first quarter worth $96,936,000. Alliancebernstein L.P. lifted its holdings 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 valued at $57,684,000 after purchasing an additional 587,145 shares in the last quarter. JAT Capital Mgmt LP purchased a new stake in shares of Celestica during the first quarter valued at $40,077,000. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Celestica in the 2nd quarter worth about $75,691,000. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Celestica Stock Down 6.7%

Shares of CLS stock opened at $234.08 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. Celestica, Inc. has a 12 month low of $52.25 and a 12 month high of $261.83. The stock has a market cap of $26.93 billion, a P/E ratio of 50.67 and a beta of 1.88. The company has a 50 day simple moving average of $219.11 and a two-hundred day simple moving average of $151.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its quarterly 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. The business had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company's revenue was up 21.0% compared to the same quarter last year. During the same quarter last year, the company 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 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on CLS shares. Weiss Ratings restated a "buy (b)" rating on shares of Celestica in a research note on Saturday, September 27th. CICC Research started coverage on shares of Celestica in a report on Tuesday, August 19th. They set an "outperform" rating for the company. Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the stock a "buy" rating in a report on Wednesday, July 30th. TD Cowen reaffirmed a "hold" rating and issued a $238.00 target price on shares of Celestica in a research report on Friday. Finally, Royal Bank Of Canada boosted their target price 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. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $207.38.

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.

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