Dudley Capital Management LLC Purchases New Position in Celestica, Inc. $CLS

Key Points

• Dudley Capital Management LLC has acquired a new stake in Celestica, purchasing 1,700 shares valued at approximately $265,000 during the second quarter.
• Celestica's stock has received several ratings updates, including a shift from a "hold" to a "buy" rating by Wall Street Zen and a target price increase by Royal Bank of Canada from $185.00 to $225.00.
• The company's recent earnings report showed a significant increase in revenue, with earnings per share of $1.39, exceeding analysts' expectations and demonstrating a year-over-year revenue growth of 21.0%.

Dudley Capital Management LLC purchased a new stake in shares of Celestica, Inc. (NYSE:CLS - Free Report) TSE: CLS during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,700 shares of the technology company's stock, valued at approximately $265,000.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its stake in shares of Celestica by 1,103.8% during the 1st quarter. Jones Financial Companies Lllp now owns 24,486 shares of the technology company's stock valued at $1,930,000 after buying an additional 22,452 shares in the last quarter. Fortis Capital Advisors LLC bought a new position in Celestica in the 2nd quarter valued at $343,000. Think Investments LP bought a new position in Celestica in the 1st quarter valued at $14,939,000. Royal Bank of Canada boosted its holdings in Celestica by 1.5% in the 1st quarter. Royal Bank of Canada now owns 1,280,563 shares of the technology company's stock valued at $100,922,000 after purchasing an additional 19,391 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Celestica by 79.3% in the 1st quarter. BNP Paribas Financial Markets now owns 991,776 shares of the technology company's stock valued at $78,162,000 after purchasing an additional 438,762 shares during the period. 67.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CLS. Wall Street Zen raised shares of Celestica from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. TD Securities cut shares of Celestica from a "buy" rating to a "hold" rating and lifted their target price for the stock from $130.00 to $238.00 in a research report on Friday, October 3rd. Weiss Ratings reiterated a "buy (b)" rating on shares of Celestica in a research report on Wednesday, October 8th. CICC Research began coverage on shares of Celestica in a research report on Tuesday, August 19th. They issued an "outperform" rating on the stock. Finally, Royal Bank Of Canada lifted their target price on shares of Celestica from $185.00 to $225.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $242.93.

Celestica Price Performance

CLS stock opened at $264.80 on Wednesday. The firm's 50-day moving average price is $233.31 and its two-hundred day moving average price is $165.91. Celestica, Inc. has a 12-month low of $55.30 and a 12-month high of $296.85. The stock has a market capitalization of $30.46 billion, a price-to-earnings ratio of 57.32 and a beta of 1.88. 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 (NYSE:CLS - Get Free Report) TSE: CLS last announced its quarterly earnings results on Monday, July 28th. The technology company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.16. Celestica had a net margin of 5.11% and a return on equity of 28.23%. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.65 billion. During the same quarter in the previous year, the company earned $0.91 earnings per share. Celestica'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 analysts predict that Celestica, Inc. will post 4.35 earnings per share for the current 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.

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