DAVENPORT & Co LLC Boosts Stake in Celestica, Inc. $CLS

Key Points

• DAVENPORT & Co LLC increased its stake in Celestica, Inc. by 56.8%, owning 8,333 shares worth $1.3 million after adding 3,019 shares in the second quarter.
• Celestica has received various analyst upgrades, with Citigroup setting its price target at $212 and Royal Bank of Canada at $225, while the overall average rating is a "Moderate Buy".
• In its latest earnings report, Celestica surpassed estimates with an earnings per share of $1.39 and reported revenue of $2.89 billion, marking a 21% increase year-over-year.

DAVENPORT & Co LLC boosted its position in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS by 56.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,333 shares of the technology company's stock after purchasing an additional 3,019 shares during the quarter. DAVENPORT & Co LLC's holdings in Celestica were worth $1,300,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CLS. ORG Partners LLC purchased a new stake in shares of Celestica in the first quarter valued at $29,000. Center for Financial Planning Inc. acquired a new position in Celestica in the first quarter valued at $30,000. ST Germain D J Co. Inc. acquired a new position in Celestica in the second quarter valued at $37,000. Farther Finance Advisors LLC increased its stake in Celestica by 1,516.7% during the first quarter. Farther Finance Advisors LLC now owns 679 shares of the technology company's stock worth $54,000 after acquiring an additional 637 shares during the last quarter. Finally, Wolff Wiese Magana LLC increased its stake in Celestica by 45.6% during the second quarter. Wolff Wiese Magana LLC now owns 364 shares of the technology company's stock worth $57,000 after acquiring an additional 114 shares during the last quarter. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Citigroup upped their price target on Celestica from $172.00 to $212.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 30th. BNP Paribas restated an "outperform" rating and set a $300.00 price target on shares of Celestica in a research note on Thursday, September 25th. Royal Bank Of Canada upped their price target on Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. TD Cowen restated a "hold" rating and set a $238.00 price target on shares of Celestica in a research note on Friday, October 3rd. Finally, CICC Research assumed coverage on Celestica in a research note on Tuesday, August 19th. They set an "outperform" rating for the company. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $207.38.

Celestica Price Performance

Shares of NYSE CLS opened at $243.91 on Friday. Celestica, Inc. has a 1-year low of $55.30 and a 1-year high of $263.90. The business has a 50-day moving average of $224.30 and a 200-day moving average of $156.18. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.44 and a quick ratio of 0.86. The company has a market capitalization of $28.06 billion, a price-to-earnings ratio of 52.79 and a beta of 1.88.

Celestica (NYSE:CLS - Get Free Report) TSE: CLS last issued its 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. Celestica had a return on equity of 28.23% and a net margin of 5.11%.The company had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company'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. On average, equities 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.

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