Prudential PLC Acquires 7,640 Shares of Celestica, Inc. $CLS

Key Points

• Prudential PLC increased its stake in Celestica, Inc. by 29.6%, acquiring an additional 7,640 shares, bringing its total ownership to 33,481 shares valued at approximately $2.6 million.
• Analysts have raised price targets significantly, with Barclays setting a new target at $220.00, reflecting a bullish sentiment with ten analysts maintaining a buy rating.
• Celestica reported Q2 earnings of $1.39 per share, exceeding estimates, and revenue of $2.89 billion, indicating a year-over-year growth of 21%.

Prudential PLC boosted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 29.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,481 shares of the technology company's stock after buying an additional 7,640 shares during the period. Prudential PLC's holdings in Celestica were worth $2,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CLS. Polar Capital Holdings Plc lifted its stake in shares of Celestica by 822.6% in the fourth 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 period. Balyasny Asset Management L.P. increased its stake in 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in Celestica by 49.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,173,318 shares of the technology company's stock worth $200,601,000 after purchasing an additional 719,805 shares during the last quarter. BNP Paribas Financial Markets purchased a new stake in Celestica during the fourth quarter worth $51,043,000. Finally, CloudAlpha Capital Management Limited Hong Kong purchased a new position in shares of Celestica in the first quarter valued at $30,156,000. 67.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on CLS shares. Canaccord Genuity Group raised their target price on shares of Celestica from $126.00 to $240.00 and gave the company a "buy" rating in a report on Wednesday, July 30th. BNP Paribas raised shares of Celestica to a "strong-buy" rating in a research note on Wednesday, June 11th. JPMorgan Chase & Co. upped their target price on shares of Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. Argus dropped their target price on shares of Celestica from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Tuesday, April 29th. Finally, Citigroup increased their price objective on shares of Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 30th. Two equities research 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $168.92.

Celestica Price Performance

Shares of Celestica stock traded down $8.2050 during trading on Tuesday, hitting $186.6750. The stock had a trading volume of 1,679,486 shares, compared to its average volume of 4,337,383. The business has a fifty day moving average of $165.88 and a two-hundred day moving average of $123.62. The firm has a market cap of $21.47 billion, a P/E ratio of 40.46 and a beta of 1.80. Celestica, Inc. has a fifty-two week low of $40.65 and a fifty-two week high of $218.80. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last released its quarterly earnings data 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 during the quarter, compared to analyst estimates 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 period 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, sell-side analysts expect that Celestica, Inc. will post 4.35 earnings per share 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.