Citigroup Inc. Has $8.40 Million Stock Holdings in Celestica, Inc. $CLS

Key Points

• Citigroup Inc. reduced its holdings in Celestica, Inc. by 15.6% during the 1st quarter, selling approximately 19,700 shares, leaving it with about 106,474 shares valued at $8.4 million.
• Multiple large investors, including Consolidated Planning Corp and Summerhill Capital Management, recently initiated positions in Celestica, indicating a growing interest in the company among institutional investors.
• Celestica reported $1.39 earnings per share for the last quarter, surpassing analyst expectations, and achieved 21% year-over-year revenue growth with revenues of $2.89 billion.

Citigroup Inc. decreased its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 15.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,474 shares of the technology company's stock after selling 19,700 shares during the quarter. Citigroup Inc. owned approximately 0.09% of Celestica worth $8,398,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rothschild Investment LLC acquired a new stake in shares of Celestica during the 1st quarter valued at $26,000. ORG Partners LLC acquired a new stake in shares of Celestica during the 1st quarter valued at $29,000. Center for Financial Planning Inc. acquired a new stake in shares of Celestica during the 1st quarter valued at $30,000. Farther Finance Advisors LLC boosted its holdings in shares of Celestica by 1,516.7% during the 1st quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock valued at $54,000 after acquiring an additional 637 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Celestica by 14.1% during the 1st quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock valued at $78,000 after acquiring an additional 123 shares in the last quarter. Institutional investors and hedge funds own 67.38% of the company's stock.

Celestica Trading Down 2.2%

Shares of CLS stock traded down $4.0940 during mid-day trading on Wednesday, hitting $180.6360. The company's stock had a trading volume of 2,679,931 shares, compared to its average volume of 4,339,487. The company's fifty day simple moving average is $167.14 and its 200-day simple moving average is $124.04. Celestica, Inc. has a 52 week low of $40.65 and a 52 week high of $218.80. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.86 and a current ratio of 1.44. The company has a market cap of $20.78 billion, a PE ratio of 39.10 and a beta of 1.80.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last posted 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period last year, the company posted $0.91 EPS. The business's quarterly 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. As a group, equities research analysts expect that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CLS. UBS Group reaffirmed a "neutral" rating and set a $208.00 target price (up from $101.00) on shares of Celestica in a research report on Wednesday, July 30th. Barclays raised their target price on Celestica from $146.00 to $220.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 30th. BMO Capital Markets reaffirmed an "outperform" rating and set a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Royal Bank Of Canada raised their target price on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Finally, CICC Research began coverage on Celestica in a research report on Tuesday. They set an "outperform" rating for the company. Two 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 company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $168.92.

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.