Cookson Peirce & Co. Inc. Buys Shares of 3,760 Celestica, Inc. $CLS

Key Points

• Cookson Peirce & Co. Inc. has acquired a new stake in Celestica, Inc. worth approximately $296,000, with 3,760 shares purchased in the 1st quarter.
• Celestica's recent earnings report showed a significant growth in revenue, reaching $2.89 billion, up 21% year-over-year, and earnings per share of $1.39, surpassing analyst estimates.
• Institutional ownership of Celestica stock is currently at 67.38%, with several hedge funds recently increasing their positions in the company during the 1st quarter.

Cookson Peirce & Co. Inc. acquired a new position in Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 3,760 shares of the technology company's stock, valued at approximately $296,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. CoreCap Advisors LLC increased its holdings in shares of Celestica by 5.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,760 shares of the technology company's stock worth $162,000 after purchasing an additional 90 shares in the last quarter. First National Bank of Hutchinson grew its holdings in shares of Celestica by 2.5% in the first quarter. First National Bank of Hutchinson now owns 4,914 shares of the technology company's stock worth $387,000 after acquiring an additional 120 shares during the period. Private Trust Co. NA grew its holdings in shares of Celestica by 14.1% in the first quarter. Private Trust Co. NA now owns 993 shares of the technology company's stock worth $78,000 after acquiring an additional 123 shares during the period. Csenge Advisory Group grew its holdings in shares of Celestica by 7.1% in the first quarter. Csenge Advisory Group now owns 2,593 shares of the technology company's stock worth $218,000 after acquiring an additional 171 shares during the period. Finally, Bay Rivers Group grew its holdings in shares of Celestica by 1.1% in the first quarter. Bay Rivers Group now owns 19,494 shares of the technology company's stock worth $1,536,000 after acquiring an additional 215 shares during the period. Hedge funds and other institutional investors own 67.38% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CLS. JPMorgan Chase & Co. boosted their price target on Celestica from $170.00 to $225.00 and gave the company an "overweight" rating in a report on Wednesday, July 30th. BMO Capital Markets reiterated an "outperform" rating and issued a $130.00 target price (up from $118.00) on shares of Celestica in a research report on Thursday, May 22nd. Argus decreased their target price on Celestica from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Tuesday, April 29th. Royal Bank Of Canada boosted 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, Barclays upped their price objective on Celestica from $146.00 to $220.00 and gave the company an "overweight" rating in a research report on Wednesday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Celestica currently has an average rating of "Buy" and a consensus target price of $168.92.

Celestica Trading Down 1.0%

Shares of CLS traded down $1.8650 during mid-day trading on Thursday, reaching $181.0350. 642,313 shares of the company's stock traded hands, compared to its average volume of 4,323,733. The stock has a market cap of $20.82 billion, a P/E ratio of 39.15 and a beta of 1.80. The stock's 50-day moving average is $168.25 and its two-hundred day moving average is $124.45. Celestica, Inc. has a 12 month low of $40.65 and a 12 month 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 earnings results on Monday, July 28th. The technology company reported $1.39 EPS for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company'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. Research analysts forecast that Celestica, Inc. will post 4.35 earnings per share for the current fiscal year.

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.